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Oil cartel or not

发表于 2018-12-6 11:03:35 | 显示全部楼层 |阅读模式
Used to be Oil cartel of major oil exporting countries, mainly in emerging market or Mid East.

Now looks like Oil cartel may be broken, more like US, Saudi and Russia.  Interesting.

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 楼主| 发表于 2018-12-6 13:19:42 | 显示全部楼层
Actually OPEC meeting is over with no decision.

It all depends on what PUTIN says tomorrow.
If cut is less than 1 mm, then Negative.
Over 1.5 mm, then Positive for OIL.

No longer OPEC matters,
US  DT wants, he may get by forcing Saudi to eat it.
Saudi  Would listen to DT, especially after the journalist murdered.
Russia  Putin is a 200 BN man already (rumored to be) and DECIDES on OIL price, haha.

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