Post
Topic
Board Economics
Merits 3 from 1 user
Re: I heard a rumor that OPEC will go 300 USD / barrel this year
by
fillippone
on 23/03/2022, 23:14:09 UTC
⭐ Merited by LFC_Bitcoin (3)

I heard a rumor that OPEC will go 300 USD / barrel this year ,what do you think ?

Highly unlikely. The only scenario where I see this happening is in case of an European ban from Russia Oli.
This would send the Brent/WTI barrel to the moon because of Europe should anyway buy the displaced Russian oli elsewhere.

As an European, I do hope this scenario will never materialize.