Russia to continue cooperation with OPEC to keep oil market balanced

Balanced – how I like this word. A balanced market is a dead market. Why not be honest – if they could OPEC+ would love to charge us 1000 USD for every barrel. What do I say, 10.000 USD. We all have those moments – its called wishful thinking. I am no exception to this. But most of us have a pretty quick meeting with reality and we resign ourselves to what’s possible. Oh, oil buyers would much prefer to get the barrel for less than USD 10. 5 would be better. OPEC+ makes grand gestures but they do nothing but warm the air.

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