OPEC said that they are cutting production of oil. China is back after Covid lock down. India is gearing up for larger industrial 🏭 production, and the West is all but boycotting Russian oil. Oh did I forget to mention that India and China is buying that Russian oil at a discount and they therefore don’t need OPEC oil that much. Hummm do ya think maybe 🤔 just maybe because to big oil markets don’t need OPEC oil that much and the US and North Sea oil is still producing the same amount of oil, the price of oil just might not go over the 80 dollar mark!
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