5min chapter

Forward Guidance cover image

OPEC To The Rescue | Rory Johnston’s Cautious Bull Case For >$80 Oil

Forward Guidance

CHAPTER

The Russian Cuts to OPEC

CNN's John Defterios says he is a "skeptic" about the Russian oil cuts. He says Russia has been gaslighting OPEC, saying it will cut exports by 500,000 barrels per day. But export trackers show that they haven't fallen and in fact rose after those claimed cuts. Defterios: Until we really see those barrels drop off the market, it's just words; now Saudis seem to trust them at this stage.

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