Tagged OPEC Plus

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Sudan Enters The Outside-In Accords

President Donald J. Trump’s peace deal between countries-not-at-war added another buyer when he announced the opening of normalized relations between Israel and Sudan. On its face, it’s a good thing. Sudan got de-listed as a “state sponsor” of terrorism and the US agreed to lift its sanctions on the economically challenged nation. Israel moved a…

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Is Oil Kicking The Bucket?

The persistent oil glut I’ve been yammering about for the last four years has finally reached the tipping point … with the coronavirus now making it functionally impossible for the Oil-Industrial Complex to control this epic glut with geopolitical games, targeted sanctions or artificial scarcity. That’s key because this glut (which OPEC+ once again tried…