Bull. The problem is the US competition filling the void caused the the cuts. Also unlike in Saudia Arabia oil in Russia is extracted by numerous private companies. There is no mechanism to force them to cut supply unless export tariff and if they’d go for it won’t be in force until the next fiscal year.
As Trump predicted yesterday.
Post 1: Would you buy a used car from this man?
We can thank President Trump for reviving OPEC; but he can still salvage this if he comes out swinging hard for removal of barriers to fracking.
COLLUSION!!!!!
Russia bans wheat and grain exports
https://www.bbc.com/news/av/world-europe-10978002/russia-bans-wheat-and-grain-exports
Are we going to have serious world wide food shortages?
Vietnam stopped rice exports.
https://www.vietnambreakingnews.com/2020/02/stopping-rice-exports-to-ensure-food-security/
France, & Australia calling for unemployed to help farmers...
http://www.ecns.cn/news/2020-03-25/detail-ifzusrwx0576857.shtml