• Apr 03, 2023
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  'OPEC put' in the market now

  
  

  They've revealed their hand. They want prices around $90 ($95 Sanky said) and would be fine with $100.

  
  

  SA did this to offset the decline in prices expected because of recession. They just brought the price up to where is was 2 months ago.
  

   
  

  Negative for refiners. They've been outperforming in the energy space. Good for service companies, Shlumberger, Baker Hughes.
  
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  <div>'OPEC put' in the market now</div><div><br></div><div>They've revealed their hand. They want prices around $90 ($95 Sanky said) and would be fine with $100.</div><div> <br></div><div> </div><div>SA did this to offset the decline in prices expected because of recession. They just brought the price up to where is was 2 months ago. <br></div><div>  <br></div><div>Negative for refiners. They've been outperforming in the energy space. Good for service companies, Shlumberger, Baker Hughes. <br></div>

  'OPEC put' in the market now

  
  

  They've revealed their hand. They want prices around $90 ($95 Sanky said) and would be fine with $100.

  
  

  SA did this to offset the decline in prices expected because of recession. They just brought the price up to where is was 2 months ago.
  

   
  

  Negative for refiners. They've been outperforming in the energy space. Good for service companies, Shlumberger, Baker Hughes.
  

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