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farrell90

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Re: Krombacher post# 351318

Monday, 07/11/2022 12:11:49 AM

Monday, July 11, 2022 12:11:49 AM

Post# of 360708
It is unlikely the Russians will end oil supplies to Europe. I agree with JP Morgan a more likely scenario is for the Russians to reduce production globally. No one has the excess capacity to counter Russian oil cuts of several million barrels...not even OPEC.

Meanwhile the US restricts the release of drilling leases.

https://www.bloomberg.com/news/articles/2022-07-01/jpmorgan-sees-stratospheric-380-oil-on-worst-case-russian-cut

GLTA Farrell
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