BlindBoo
Diamond Member
- Sep 28, 2010
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Holy fuckingshit Batman!Um, you claimed Trump told the Saudis to cut production. They didn’t.
Jan 5, 2021, 03:27pm EST
Saudi Arabia surprised the oil market today when, after a day of tense negotiations with Russia and other oil producers, it announced that it will cut 1 million barrels per day of oil of its own production in the months of February and March.
![www.forbes.com](https://imageio.forbes.com/specials-images/imageserve/5ff4c810ff55321bb3dc7428/0x0.jpg?format=jpg&crop=3977,2238,x0,y12,safe&height=900&width=1600&fit=bounds)
With Surprise Oil Production Cut, The Saudis Revisit Role As âSwingâ Producer
The Saudis said the 1 million bpd cut is a gift "to support the market" but it looks more like capitulation to a Russian oil ministry that drove a hard bargain.
![www.forbes.com](https://i.forbesimg.com/48X48-F.png)
Saudi crude stock draws continue, exports fall due to production cut
Supplies to market fell to 8.241 million b/d in February Output 8.15 b/d, following OPEC quota and voluntary cut Closing stocks lowest since at least January 2002 Saudi Arabia drew again on its crude