Every few years it seems that some elected representative puts some proposed legislation forward to ban OPEC and stop its ability to manipulate oil pricing. Usually, this legislation follows a period of increasing oil prices and seeks to subject governments who are otherwise exempt from anti-trust rules to our laws concerning anti-trust. The argume...
When I sent out the 2019 Market Outlook, OPEC+ had just agreed to cuts of 1.2 million barrels per day in an effort to help re-balance the market. At the time I sent the email, the general amount of the cuts were agreed, but the amount each member would cut had yet to be determined. What was agreed to: OPEC would cut 800,000 barrels and Russia + its...
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