Quote from: Oilacris on March 30, 2022, 11:16:19 PM

Quote from: wxa7115 on March 30, 2022, 10:15:00 PM

Quote from: spy100 on March 23, 2022, 04:52:01 PM

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

When it comes to rumors the most important thing we need to know is the source of those rumors, if we were talking about a leader of a country which is an important producer of oil then we may give some weight to the rumor and ponder about how likely it is we come close to that price and what will be the consequences of it?

However, if the source is just something that we read online without anything to backup the story, then I do not see the reason to give it any importance at all and we must disregard it as just another case of fake news.

Fake news could be everywhere and anywhere which isnt something that could be seen online but also into traditional mediums that we do have thats why verifying it first would be always the key

whether you do believe it or not because it could neither be the truth or simply fake which it is important to have these considerations.Speaking of barrel reaching 300 USD then if particular
sentiments and crisis do even more tense or becomes more severe then we could possibly hit up but considering on how many countries does produce oil (not only Russia)
then i doubt that we would be seeing these numbers.

indeed the need for oil from Russia is an important part for European countries to meet their needs for oil. and they are looking for alternative supplies other than russia, because of the sanctions imposed on russia as a result of the invasion of ukraine, but so far like germany, i see on television news starting to have trouble with oil, and if this continues and even spreads, it could be it happened. but as you said where it is not only russia that produces oil, then there may be an increase in prices but not to that extent, this is of course related to distribution from other more distant places