Heart of Ohio | Jon SCKs "The goal of The Saudi’s is to break the shale drillers.. if they do.. if US fracking slows down.."
They're ticked at Russia a bit too. This was worth about 11.00 barrel the Sunday night open after the announcement, maybe, was some bad news on virus front as well. Saudi's couldn't have timed it any better really. They won't even need to up production that much for same effect, till the world starts rolling again. China bought what 30 mil bu of corn this / last week ? So at least some of the etol cut is covered this week, would help if that could continue.
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