OPEC+ Rumors Send Oil Prices Diving ...Middle East

OILPRICE - Economy
OPEC+ Rumors Send Oil Prices Diving
source : OILPRICE ( Middle East ) () 55
While there was a lot of uncertainty about the OPEC+ meeting, this headline (from Bloomberg) was not one of them... *SAUDI ARABIA MULLS RESIGNING ROLE AS CO-CHAIR OF OPEC+ JMMC The reaction in crude prices was insta-selling, pushing WTI back below $45...While the headline is unclear, it strongly suggests that the discord within OPEC+ is far greater than was believed; and the fact that it is only these relationships that are holding the entire energy complex up in the face of lockdown-inducing demand slumps is worrisome. The move is likely simply…

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