By Oilprice.com -- Nick Cunningham—— Bio and Archives--May 31, 2018
Global Warming-Energy-Environment | Comments | Back To Full Article
Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn't necessarily mean higher oil prices are entirely out of the question, and in fact, the oil market is still faced with a ton of uncertainty.
Higher oil production from the OPEC/non-OPEC group would seem to close off the higher-price scenario. But a “complete collapse” of Venezuela's oil production could still push oil prices up to $100 per barrel, Bob Parker, investment committee member at Quilvest Wealth Management, told CNBC. The Comment section of online publications is the new front in the ongoing Cancel Culture Battle.
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