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USAI - Brent Approaching $50: Will It Change OPEC+ Output Strategy?
November, 29 2020 12:44 AM
American Energy Independence
OPEC+ producers have shown great flexibility in adapting their output cuts scenario as the market dictates. That may again come into play as it considers a 3 month extension to the current 7.7 million bpd of output cuts. We have not seen the kind of upward momentum of the market over the last week since April, even if the fundamentals have not really changed. For further details see:
Brent Approaching $50: Will It Change OPEC+ Output Strategy?
Stock Information
Company Name:
American Energy Independence
Stock Symbol:
USAI
Market:
NYSE
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