theschnell
Member
I’ve not come to TMC in many months, but the info JHM has pulled together in this thread is gold!!
In addition, someone on Twitter posted this article
Oil Nations, Prodded by Trump, Reach Deal to Slash Production (Published 2020)
claiming that there has been an artificial cap on oil supply that has just expired and therefore oil supply to the market may increase. It seems unlikely to me that a cap put in place in April of 2020 would still be in place, but if true, more supply may also bring prices down.
In addition, someone on Twitter posted this article
Oil Nations, Prodded by Trump, Reach Deal to Slash Production (Published 2020)
claiming that there has been an artificial cap on oil supply that has just expired and therefore oil supply to the market may increase. It seems unlikely to me that a cap put in place in April of 2020 would still be in place, but if true, more supply may also bring prices down.