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OPEC to increase production at request of DT

Discussion in 'Too Hot for Swamp Gas' started by G8trGr8t, Feb 25, 2025.

  1. G8trGr8t

    G8trGr8t Premium Member

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    KSA to up oil production to drop oil prices to hurt Russia since DT asked them to.

    that is the spin

    OPEC+ to Hike Oil Output as Trump Seeks Lower Prices, BofA Says

    here is the reality

    Saudi said they were going to do this back in September to punish overproducers

    it has taken them this long to get the additional production facilities tuned up to be able to deliver because they didn't have the additional capacity ready to turn on.

    but you won't hear that part or read about it because KSA has to maintain that allusion of significant capacity ready to pump.

    Saudi Arabia Signals Oil Policy Shift | The Washington Institute

    Rumors of New Saudi Oil Price Target Are Warning to OPEC Cut Violators | OilPrice.com