Oil Is Now the Weapon of Choice

Saudi Arabia confirmed the extension of its voluntary oil production cut by 1 million barrels per day through the end of the year, signaling Riyadh’s sustained strategy since its first implementation in July, now augmenting the current 1.66 million barrels per day cumulative cut from OPEC members slated till 2024, as reported by Ruxandra Iordache. Amidst fears of slow demand from China, the foremost crude importer, and fluctuating oil prices nearing $120 per barrel, heavyweight producer Russia pledges substantial voluntary export reductions, underscoring the volatile market dynamics influenced by elements including the OPEC+. As global futures prices oscillate, Saudi Arabia grapples with the delicate act of implementing production cuts without harming its crude-dependent economy, with critical ramifications for its GDP growth and major projects, amidst potential market share shifts involving competitors like Russia and Iran, keen on capitalizing on the evolving landscape with aggressive strategies targeting markets like China, even as Iran boosts production levels defying existing U.S. sanctions. This intricate scenario, encapsulated by fluctuating Brent and WTI futures, draws attention to the potentially escalating tensions and shifts in the global oil market, emphasizing Saudi’s critical role and stakes in this complex equation, with repercussions for international relations, market dynamics, and economic forecasts. #oil #crudeoil #russia #saudi #oilproduction #oilproductioncuts #china

Oil is Up and Up 0:22
Resources To Watch 10:08
What Can I Do? 13:28


🔥 All My Tips and Strategies on the Discord Community: 🔥


👉 http://TheAmazonGPS.com 👈


LOOK THROUGH MY BOOKS! http://books.themoneygps.com
MY FAVORITE BOOKS: https://youtu.be/Y_mwbfp1ULU

SUPPORT MY WORK: https://www.patreon.com/themoneygps
PAYPAL: https://goo.gl/L6VQg9


Sources Used in This Video:



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!