- Joined
- 22 Jan 2007
- Messages
- 22,872
- Reaction score
- 3,062
- Country
It said "could be" the 5th. It's on its way down, that's for sure.
oil trade war about to start OPEC to increase production oil price crash could be Mon 5th
- Thread starter Notch7
- Start date
If oil prices are forced down by OPEC, it will knock out US and Canadian wells as they will become uneconomical to produce oul.
Result OPEC gains share, US loses market share.
Our fuel prices should be much lower at 120p to fully reflect lower wholesale prices.
Result OPEC gains share, US loses market share.
Our fuel prices should be much lower at 120p to fully reflect lower wholesale prices.
- Joined
- 22 Jan 2007
- Messages
- 22,872
- Reaction score
- 3,062
- Country
He got in bed with Poo Tin who wouldn't think twice about shafting Trump. He needs to choose his friends with more care.
"In an online meeting on Saturday, key OPEC+ producers led by Saudi Arabia and Russia agreed to raise collective output by 411,000 barrels per day (bpd), nearly triple the volume originally scheduled."
oilprice.com
"In an online meeting on Saturday, key OPEC+ producers led by Saudi Arabia and Russia agreed to raise collective output by 411,000 barrels per day (bpd), nearly triple the volume originally scheduled."
Morgan Stanley Slashes Brent Oil Price Forecast to $62.50 | OilPrice.com
Morgan Stanley has joined other major investment banks in reducing its oil price forecasts, citing expectations of a larger market surplus due to OPEC+'s increased output.
oilprice.com
They are declaring war on North American producers, who will no doubt complain to Trump and they will collude and come to an agreement.He got in bed with Poo Tin who wouldn't think twice about shafting Trump. He needs to choose his friends with more care.
"In an online meeting on Saturday, key OPEC+ producers led by Saudi Arabia and Russia agreed to raise collective output by 411,000 barrels per day (bpd), nearly triple the volume originally scheduled."
Morgan Stanley Slashes Brent Oil Price Forecast to $62.50 | OilPrice.com
Morgan Stanley has joined other major investment banks in reducing its oil price forecasts, citing expectations of a larger market surplus due to OPEC+'s increased output.
- Joined
- 22 Jan 2007
- Messages
- 22,872
- Reaction score
- 3,062
- Country
Who will parade it as the greatest victory in the history of America.
London was closed yesterday. But I found a New York chart.
Were you trying to make some kind of a point?
Last edited:
I see the slogan "Drill Baby Drill" is coming true............in Russia
in America its: Dont drill baby, dont drill
CAN YOU SEE WHAT DIDNT HAPPEN YESTERDAY
So the headline for yesterday was fake news .
Oil price has crashed
It’s dropped below cost of production in USA….that’s a crash.
I am sorry I keep being correct
Hmm not a good sign for the federal reserve, high oil prices are one of the main guarantees of US economic dominance, low oil reduces the value of the dollar... stagflation is on the way for the US. Meanwhile in the rest of the world low dollar prices mean cheap commodities as we have to pay in dollars. Betting has our petrol prices hitting 1.29 a litre by july and a significant cut to winter fuel prices.
- Joined
- 22 Jan 2007
- Messages
- 22,872
- Reaction score
- 3,062
- Country
Prices plummet as shale output declines.
your post says it was going to crash yesterday it didnt so yet again fake news from you .
Do try and keep up with your own threads ,
American industry and public will be loving the lower energy and fuel costs
You mean, on Monday?
"Jamie Smyth in New York, and Tom Wilson and Malcolm Moore in London
Published MAY 3 2025 Updated MAY 5 2025,
Oil prices slumped on Monday over renewed concerns of a global supply glut following a decision by Opec+ to announce a second consecutive monthly output increase.
Brent crude, the global benchmark, fell more than 4 per cent to below $59 as the week began trading began, testing four-year lows hit last week. The price of West Texas Intermediate, the US benchmark, fell to near $56."
FT.com
Oil price slumps after Opec+ expands production
Cartel’s decision to increase supply by 411,000 barrels a day raises fear of supply glut
www.ft.com
