Saudis already have called trump's claim of reducing 10M barrels an exaggeration.
I think now that they have pulled the trigger on selling oil on huge discounts, they will keep going until they can at least win back the market share from Russia and US.
I think its getting more and more likely for US and Saudi Arabia to build a replacement for OPEC+
they don't need russia or other gulf nations to decide the price for the market, when Saudis can pomp as much as the market needs and US has the arm to force others into compliance.
I think now that they have pulled the trigger on selling oil on huge discounts, they will keep going until they can at least win back the market share from Russia and US.
I think its getting more and more likely for US and Saudi Arabia to build a replacement for OPEC+
they don't need russia or other gulf nations to decide the price for the market, when Saudis can pomp as much as the market needs and US has the arm to force others into compliance.
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