Saudi Prince Says Oil Disconnect May Force OPEC+ Action

I have rarely ever seen a workout regimen like this. Every time shale oil looks bad, something happens that pushes prices up flushing lots of cash into shale company coffers. OPEC might have come to the realization that shale cannot be contained anymore anyhow so why not play the market for all the money they can? I don’t blame them. Squeeze the lemon while you still can. In 10 years we will have shale in Europe – playing gets very boring when that happens. 

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