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Several countries extend oil cuts to boost prices

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The West has tried to target Moscow's energy exports under sanctions imposed over the Kremlin's offensive in Ukraine.

The West has tried to target Moscow's energy exports under sanctions imposed over the Kremlin's offensive in Ukraine, this has been a huge failure.

Even with the "sanctions" Russia is cutting production. LOL

-2 ( +1 / -3 )

Got to pay the cartel tax. It's not going to be infinite as OPEC+ isn't everything.

-1 ( +0 / -1 )

Mr KiplingToday 06:49 am JST

Even with the "sanctions" Russia is cutting production. LOL

You don't make much more money by cutting production. LOL.

2 ( +2 / -0 )

You don't make much more money by cutting production. LOL.

You can do and at least make the same money selling less product. LOL

You don't find it al least a little amusing that the Russians are having to sanction themselves?

-2 ( +0 / -2 )

OPEC and OPEC Plus pursuing their economic interests, none of this should surprise anyone. Exactly like when Biden flooded market with oil in 2022 and 2023 from US strategic reserves to help lower gas prices.

-5 ( +1 / -6 )

Japan needs to continue the energy subsidies.

0 ( +2 / -2 )

Mr KiplingToday 07:59 am JST

You don't make much more money by cutting production. LOL.

You can do and at least make the same money selling less product. LOL

Yeah it is funny when you just get paid the same as you always do. LOL.

You don't find it al least a little amusing that the Russians are having to sanction themselves?

Just daily life as a gas station, basically.

-1 ( +0 / -1 )

HopeSpringsEternalToday 09:34 am JST

OPEC and OPEC Plus pursuing their economic interests, none of this should surprise anyone. Exactly like when Biden flooded market with oil in 2022 and 2023 from US strategic reserves to help lower gas prices.

That was for everyone's benefit. OPEC's action is for OPEC's benefit.

-1 ( +0 / -1 )

One must remember Biden Admin busy trying to refill US strategic oil reserves they ran down in 2022 and 2023. OPEC and OPEC plus playing it smart, Biden trashed oil prices by flooding the market, now it's $payback time.

0 ( +2 / -2 )

Key oil customers ignoring Biden's Russian oil sanctions, or they'd be forced to buy elsewhere, and prices would be easily +$100/barrel, how far north, anybody's guess.

Thank you, China and India especially, but don't forget many buyers simply refining Russian oil and re-selling finished goods, same net effect on keeping lid on prices.

-4 ( +0 / -4 )

Thank you, China and India

If someone told me a few years ago that "red blooded Americans" would one day proudly cheer for Russia to pull one over on the USA, I'm not sure I would have believed them. What a topsy-turvy world we live in.

0 ( +0 / -0 )

Tei UkaToday 06:29 pm JST

Thank you, China and India

If someone told me a few years ago that "red blooded Americans" would one day proudly cheer for Russia to pull one over on the USA, I'm not sure I would have believed them. What a topsy-turvy world we live in.

He's not an American. He just comments on US matters because that is where he is directed to gaslight.

0 ( +0 / -0 )

HopeSpringsEternalToday 12:30 pm JST

One must remember Biden Admin busy trying to refill US strategic oil reserves they ran down in 2022 and 2023. OPEC and OPEC plus playing it smart, Biden trashed oil prices by flooding the market, now it's $payback time.

If the US can lower gas prices globally more than a few cents just with reserves, that is quite impressive.

0 ( +0 / -0 )

Hundreds of millions of barrels of US strategic reserves had big marginal impact on supply demand oil market structure dynamics from early 2022 to early 2023.

Why OPEC & Muslim countries joining BRICS, dumping $

-3 ( +0 / -3 )

HopeSpringsEternalToday 06:45 pm JST

Hundreds of millions of barrels of US strategic reserves had big marginal impact on supply demand oil market structure dynamics from early 2022 to early 2023.

Why OPEC & Muslim countries joining BRICS, dumping $

Joining BRICS basket is not going to prevent the US from stockpiling oil.

0 ( +0 / -0 )

Expect Biden to resume oil sales from strategic reserve this year, likely May/June timeframe, China's watching closely. Biden's national security policy = Nov election

-2 ( +0 / -2 )

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