I believe that if the cartel breaks up in the fall or by the end of the year and stops manipulating production, and each country starts producing as much as it can, then prices will drop below 50 dollars per barrel.
Eventually, by the end of the year—or maybe even earlier, in the fall—these countries will make a final decision (I'm already quite sure of it): let’s stop limiting production altogether. Each country will produce as much oil as it wants, as much as it can.
About OPEC
Eventually, by the end of the year—or maybe even earlier, in the fall—these countries will make a final decision (I'm already quite sure of it): let’s stop limiting production altogether. Each country will produce as much oil as it wants, as much as it can.
The Americans can easily control this process of price decline. Yes, prices will decline. I am absolutely confident that oil prices will move downward.
Well, I don’t really believe in that scenario. Because even with the makeup of the Senate and the House of Representatives, I see that there are many supporters of continued financial and military aid to Ukraine, including within the Republican Party.
In response to the question: "If it happens that after his inauguration, Trump, with a majority in both the Senate and the House, decides to either stop or significantly reduce financial aid to Ukraine to near zero, what will happen?"
This morning Brent was at 74... If the price keeps dropping, and the overall trend for the year, I think, is downward. It’s hard to predict, but for now, I don’t see any reason for a significant price increase.
Talking about oil prices.
