Russia likes to make their biggest ground
offensive in winter on cold
packed ground...
So that is why they may reduce oil
exports now, not production, since they
may use more for war effort...
About May that likely changes...
S.A. has enough spare production from
only the reduced export amounts to
deflate the market if they chose to dump...
S.A. has done it before in past history
when U.S. oil production was expanding...
Seems the biggest threat to markets with
that downside potential, although very,
very unlikely to happen...
So we watch...LJ
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