Saudi Arabia to cut production by a 1 million barrels per day (bpd) from July to counter macroeconomic headwinds to markets. #financenews #oil
Saudi Arabia to cut production by a 1 million barrels per day (bpd) from July to counter macroeconomic headwinds to markets. #financenews #oil
Is that a good news or otherwise?
More oil means the price will come down and make it easy for the market
Ooh, okay. I see your point now, thanks.
Have no fear we are told the economy is good and strong.
If so, why are they cutting #oil production?
What they say is never right- mostly
That is true. The epitome of the contrarian indicator.
Same. They are doing the exact opposite today by censoring projects and saying they are pro freedom.
Fuck saudi arabia. these guys are only profiting from the russia ukraine war. when this thing is over no one should buy from them anymore.
They are the hegemony. They control.