OPEC

tempo_n_groove
tempo_n_groove Posts: 41,359
in A Moving Train
Hear on the news this morning that Qatar is leaving OPEC to focus on Natural Gas production.
https://www.cnn.com/2018/12/03/business/qatar-opec-withdrawal/index.html

Not sure what this means for the future and oil prices.

I'm surprised there isn't an OPEC thread so, now there is.

Comments

  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,662
    edited December 2018
    Qatar is full of hot air.
    "It's a sad and beautiful world"
    -Roberto Benigni

  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,662
    At least when it's ignited.


    (Sorry, it's late!)
    "It's a sad and beautiful world"
    -Roberto Benigni

  • mickeyrat
    mickeyrat Posts: 44,392

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  • mickeyrat
    mickeyrat Posts: 44,392

    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • static111
    static111 Posts: 5,076
    mickeyrat said:

    They are starting pretty early if the goal is to elect trump.  We will have plenty of time to get used to higher prices by next November...would have been better to maybe wait 6 months prior to the election.
    Scio me nihil scire

    There are no kings inside the gates of eden
  • mickeyrat
    mickeyrat Posts: 44,392
    static111 said:
    mickeyrat said:

    They are starting pretty early if the goal is to elect trump.  We will have plenty of time to get used to higher prices by next November...would have been better to maybe wait 6 months prior to the election.
    oil is now low 80's. folks are still sour on the economy. if they can keep inflation up by this, then that reflects poorly on uncle joe.

    this will also overshadow the record high production here....

    going badly for russia in ukraine, cracks developing at home, drone strikes IN moskow..


    not long from now N Korea will flex.
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14

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