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  • OPEC+ JMMC agrees oil output cuts of 2 mln bpd - sources

    OPEC+ JMMC AGREES OIL OUTPUT CUTS OF 2 MLN BPD - SOURCES

    — *seven (@sevenloI) October 5, 2022
Added at 9:12am
  • *OPEC+ MINISTERS TO DISCUSS RECOMMENDATION AT MEETING: DELEGATE

    — Cable FX Macro (@cablefxmacro) October 5, 2022
Added at 9:12am
  • As a reminder, the JMMC makes recommendations, the ministerial meeting takes decisions#oott #opec+

    — Giovanni Staunovo (@staunovo) October 5, 2022
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  • Comment #1
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  • Oct 5, 2022 9:27am Oct 5, 2022 9:27am
  •  fxsport
  • Joined Jul 2007 | Status: Member | 2660 Comments
So lets recap shall we?

What is the #1 driving force for inflation? Anyone....anyone....

ENERGY PRICES!!!!!

So what do you think will be the effect of reducing 2 million barrels of oil a day will do to the supply/demand for oil?
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Bueller....Bueller....

This will ensure that inflation sticks around. Hey Europe how are those sanctions against Russia going anyway? Need a sweater?
...because you never know - until you do!
 
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  • Oct 5, 2022 9:30am Oct 5, 2022 9:30am
  •  rashidcm2004
  • | Joined Mar 2009 | Status: Member | 60 Comments
biden vs opec
 
 
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  • Posted: Oct 5, 2022 9:06am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 2  /  Views: 1,634
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    All OPEC-JMMC Meetings
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