Saudis and Russians are fuckedNEOM will never be finished now by Saudis. No moneyUkraine will never be conquered by Russia now. No money
We posted the same pic with 10 second difference. Wtf is going on
>>61136511US is the one fucked most because shale oil is the most costly to extract
>>61136522Goes to show that the crude price is important. It can be seen as a leading indicator to a global recession.I got the pic from Twitter
>>61136547Same. Dead internet theory is real. There's like 10 real people on this board and 1k on X
So why the fuck is gas still so expensive if oil is going down??
>>61136547Germany is in a recession for 3 years. How the fuck would it now enter a recession?
>>61136511is this the time to accumulate or should I wait a bit more?surely oil drilling companies will start becoming unprofitable soon and start closing down shop
>>61136584The global economy as a whole can enter a recession. I wasn't talking about individual countries
>>61136600I doubt that. You faggots said that since 2022 every year.>this time for real
>>61136522>Wtf is going onOPEC is trying to scqueeze US Shale out of the market. Also Russia's refineries keep catching fire so they have about a million barrels of excess crude that needs to be dumped. Also US manufacturing index dropping, and Chyna's meme growth numbers are going down.
>>61136796>Also Russia's refineries keep catching fireAs far as i know this isnt even relevant for russia. They still have far then enough capacity. Ukraine propaganda that it matters basically.
>>61136897cope
>>61136897>We didn’t need those oil refineries anyway
>>61136511OPEC+ increased it's quota for oil. They try to kill us shale with 66 dollars breakeven.
