Never trusted stated production capacity from OPEC and especially Saudis. But like you say, they could change their mind and dramatically change the short term outlook for prices. Russia is another threat because their economy sucks and Putin has to finance his Ukraine expedition. One of these days, he may get pushed against the wall and have to raise more cash. Certainly he needs revenues to finance his tank replacement program because they have lost so many.
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE