GAZB - Natural Gas - A New Low For This Century And A Recovery

The chickens came home to roost in the crude oil market. On March 6, the OPEC meeting ended, and the oil cartel, together with Russia, decided to abandon production cuts. The market had expected OPEC to cut daily output by an additional one million barrels per day. As the meeting began, Saudi Arabia advocated for a 1.5 million barrel per day reduction from the level agreed in late 2019. Russia balked, the session ended, and the Saudis decided to flood the market with crude oil. The price of April NYMEX crude oil futures traded to

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