Here is a bit of read for any who are inclined.
https://www.cnbc.com/2018/06/23/reu...l-supply-boost-as-opec-russia-agree-deal.html
Bottom line! IMO If Iran pulls (maybe already decided) out of the Iran Nuclear Deal as did the US, then they would have sanctions increased again on them so as to thwart their pursuit of nukes. These sanctions would restrict their contribution to oil on the global scene. As US oil reserves are waining also and Venezuela are not in the running for oil production and the balance of OPEC countries cannot make up for the loss of production then this has to push OIL prices up during 2H 2018.
My guess OIL prices may see 80 - 85 pb by years end.
All IMO based on what I understand
My question is how will BAS fair?
Thoughts?
Re; What's Going On, page-64
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