Part 8/10:
The looming threat is further complicated by geopolitical tensions; Saudi Arabia appears intent on pushing prices even lower, seeking a financial advantage over American shale producers. By concurrent supply announcements, they seem aimed at destabilizing oil-producing competitors within the OPEC+ structure, who have continued to pump more than agreed quotas.
Navigating the Future Economy
The current dynamics present a compelling narrative as Russia may find itself in a chokehold, with energy revenues dwindling just as efforts from within OPEC+ to maintain higher prices falter. With additional supplies surfacing from new fields in Brazil, Guyana, and Norway, the global market may remain saturated, creating further pressure on prices.