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OPEC To The Rescue | Rory Johnston’s Cautious Bull Case For >$80 Oil
Forward Guidance
Saudi Arabia's Cut in Oil Production
Sally Kohn: Saudi Arabia is really good at controlling its oil production. She says the high watermark for Saudi production very recently was a quota of about a million barrels, sorry, 11 million barrels a day. Then they cut by 500 at the end of 2022. They cut by another 500 at the beginning of April. And then they cut by a million barrels aday unilaterally at the beginningof June effective July. So now, you know, net net, they've cut two million barrels and we don't have the latest official Saudi estimates for July yet.
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