Quote:
Originally Posted by Pete F.
Oil Nations, Prodded by Trump, Reach Deal to Slash Production
2020
Oil-producing nations on Sunday agreed to the largest production cut ever negotiated, in an unprecedented coordinated effort by Russia, Saudi Arabia and the United States to stabilize oil prices and, indirectly, global financial markets.
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that was during covid einstein, when there was zero global
demand for oil and prices were heading to $0. cutting production is smart when there’s zero demand
now we have increasing demand. Yet us production is down.
stupid post.
Posted from my iPhone/Mobile device