Disliked{quote} Why aren't they cutting now is the question. Don't tell me they are happy with an oil price at 0 ? it sounds insane when you think about it. Every producers will go broke And since bears are overly confident now, i'd be cautiousIgnored
The latest news is that they will cut (Russia and KSA) asap. In the defense of OPEC they (before 1 april) were cutting for a while but the shale industry kept pumping resulting in loss of market share. OPEC sin't the only enemy of shale the big mayor companies wouldn't mind taking their place.
Only the strongest will survive thats why some Saudi investments have gone into mayor oil companies
https://www.wsj.com/articles/saudis-...es-11586382353
persistence and determination alone are omnipotent