Hold the line,” platoon commander MBS shouts as Saudi Arabia leads the OPEC+ alliance further into the battlefield. Clearly, some privates of the OPEC+ army are finding it increasingly difficult to do so. As Splash Extra predicted, cracks are showing fast now that oil prices are up again – as they are all scrambling to raise revenues from selling the only valuable commodity they can.
These cracks will prove to be a pleasant surprise to tanker owners. Higher oil production will lead to high...