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Oil Climbs Another 3% as OPEC Paws Away Any Meaningful Output Hikes

  
Commodities May 16, 2022 03:24PM ET

Barani commented on this article:

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Barani Krishnan
Barani Krishnan May 16, 2022 3:53PM ET
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It's amusing how many headline-targeting commentators there are here. Except for the odd one or two, no reads the story enough to know that here is no blame that's being apportioned here, other than stating the facts as they are. And that is, OPEC+ is doing what it knows best - strangling supply to get the price it wants; refiners being wary of plonking money in new capex that might only hurt them with the projected (drop in) demand in the coming years; and consumers being stuck without a real solution, other than to cut consumption or run at full-throttle inflation till a recession hits. If you can't take away all these from the story, you really shouldn't be commenting.
jason xx
jason xx May 16, 2022 3:53PM ET
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Mind your own business appeaser
Grant Garber
Grant Garber May 16, 2022 3:53PM ET
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sounded reasonable to me Barani
Barani Krishnan
Barani Krishnan May 16, 2022 3:53PM ET
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Grant Garber  Thanks for getting the narrative.
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