Their oil production sets records, US drillers aren’t backing off either, glut gets worse.
Follow the money!
Kremlin looks to Middle East and China.
No one backs off. Price plunges.
The prospect of a flood of oil rushing onto an over-supplied market.
Sign of a liquidity squeeze.
By ISA Intel: OPEC, other major oil suppliers are more worried than they are letting on. They need high oil prices to fund their governments.
The largest economy in the Middle East has second thoughts about its ties to the West.
As the world’s biggest net importer of crude, China is in a vulnerable position: utterly dependent on oil imports, at a time when its economy is beginning to wobble.
Executive Report, ISA Intel: OPEC’s 2nd largest producer has the 5th largest reserves in the world and is one of the last places with enormous amounts of underexplored low-cost oil.