Hush Money Putting Price Floor On Oil?

OPEC’s $1 Trillion Cash Quiets Poor on $100 Oil - Bloomberg

Cut Production “Saudi Arabia will cut back after its summer surge,” said Leo Drollas, London-based chief economist at the Centre for Global Energy Studies, the researcher founded by former Saudi Oil Minister Zaki Yamani. “If it doesn’t trim now then prices might lurch downwards on lower demand, and it needs a minimum basket price of $90 for what it wants to do this year.”

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