RE: News somewhere. Oil price 5% lower than earlier???????3 Apr 2026 09:09
As per articles, the largest users of Middle East oil are now going to transition to a more secure energy supply, there will be many many more Coal, Nuclear, wind and solar power stations. The Middle East countries in OPEC have in the past pumped like crazy to retain market share like they did to confront the threat of US shale oil production. Irans oil will be hard to sell for much more than $50 per barrel, less than the $60 dollar cap on Russian oil.. we'll see! JAO Adyor