RE: Biscathorpe, if on Monday26 Oct 2021 16:42
No one knows where the top is for Brent. I do not believe that OPEC will increase their 400,000 BOPD deal and will stick to this number yet again. Oil has not shown the increases of gas etc so Abdulaziz bin Salman, the prince in charge of Saudi oil, says OPEC are in control and doing a great job. It is strange to think that the weather forecast could see Brent go even higher. Poor old Kwasi Kwateng must be praying for extra wind and this unseasonably warm spell to stay..but if you look ... La Nina threatens to worsen the energy crisis with a colder winter approaching Asia..and we all know what that means for the gas price ..up. The world will then look to use more oil. The supplies are not in place for all of this demand.
Little ole Dave will be happy.