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BATL - OPEC+ Rejoice: U.S. Production Cuts On The Way
Battalion Oil Corp (New)
Anyone who tried to sell short into the recent crude oil rally prompted by Donald Trump alluding to a 10 million barrel per day ("mmpd") coordinated cut to oil production has, at least for now, been run over by rampant market optimism. While many tend to levy criticism at Donald Trump and his Twitter antics, suffice to say he was not just blowing hot air announcing the start of talks. The meeting (if/when it occurs, was recently postponed) will be an important day as an alliance of oil producers, led by Saudi Arabia and Russia,