Post removed.Why?

Post removed.Why?

Saudi will not be pressured at all. it is shale oil producers under tremendous pressure. Under current market price, many shale oil producers will collapse. even if price go back to 100, shale oil producers cannot produce consistent according to market needs. they will continue to produce erratic output only to disrupt market.

Post removed.Why?

It's just figure of speech. what opec want to say is, they will not cut output because they are efficient producers, it is the shale oil producers should be making output cut. Shale oil producers are not efficient, today they can produce 30 mil bbbl, tomorrow 10 mil bbbl. But opec can produce consistently.