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Kuwait cuts oil output as storage fills up
Investing.com -- Kuwait has started reducing production at some oil fields after exhausting its crude storage capacity, according to a report from the Wall Street Journal, citing people familiar with the matter.https://www.investing.com/news/stock-market-news/k...Qatar warns crude oil could hit $150 per barrel if Mideast war continues. What it means for stock markets?
Global oil prices could surge to as high as $150 a barrel if the conflict in the Middle East intensifies and disrupts energy supplies from the Gulf, Qatar's energy minister Saad al-Kaabi told the Financial Times, warning that such a scenario could severely damage the global economy.Read more at:
https://economictimes.indiatimes.com/markets/stock...With some 20% of global supply obstructed, US big oil can sell every barrel it offers at that price. The "JCs" are no doubt very pleased with the return they are receiving on the $1B bribe they paid God on Earth Trump, two years ago.
Does anyone think the timing: seizing Venezuela's oil, then, weeks later, starting a war in the Persian Gulf, is a pure coincidence, rather than part of the "energy domination" plan?
Steve
