A surprise move by OPEC and Russia: announcing 1.16 million bbl per day cut

[Anti Federalist]

OPEC+ announces surprise oil output cuts

https://www.reuters.com/business/en...nnounce-voluntary-oil-output-cuts-2023-04-02/

3 minute readApril 2, 20236:59 PM EDTLast Updated 14 hours ago

DUBAI, April 2 (Reuters) - Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an immediate rise in prices and the United States called inadvisable.

The pledges bring the total volume of cuts by OPEC+, which groups the Organization of the Petroleum Exporting Countries with Russia and other allies, to 3.66 million bpd according to Reuters calculations, equal to 3.7% of global demand.

Sunday's development comes a day before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia, and which had been expected to stick to 2 million bpd of cuts already in place until the end of 2023.

 

[oyarde]

oil up about 5 1/4 , gold 1980 , silver 24.06 , a silver eagle about 37.67 retail , 90 percent silver dimes and quarters bringing 19.6 times face wholesale and halves 22.9 times face , sales to licensed dealers at 23.1 times face and 24.4 times face, so 13.42 retail halves (so roughly 53.68 is what 2.00 was in 1964). Oil under 90 may still be considered cheap when you consider how worthless the dollar is but keep in mind low economic output is forecast or it would be much higher . Gas about 3.70 now ( or roughly 2.00 over pre biden price ) so within 60 days all gas would be back over 4 I'd guess . 4.00 and up gasoline is owned by obama-biden. Remember the public voting for people who have never had a real job ( obama-biden) and other retards ( pelosi -reid - schumer-harris etc) is not free .

 

[Brian4Liberty]

It will make US oil exporters happy. Unfortunately it will raise prices for us all.

We are in the midst of an undeclared proxy world war, with economic warfare being an active part of it.

All so the Democrat neocons can try to take Ukraine, and get closer to their goal of taking Russia.

 

[Okie RP fan]

Yea, the rest of the world is moving against the U.S. finally.
Ah, the smoke is on the horizon. I've always wondered what the final days of Rome were like. Well, here we are lads and ladies!