The Solution To The Oil Price War

In my previous article, The Only Logical End To The Oil War, I outlined how OPEC+ and the U.S. could come to a production cut agreement.To attempt to balance global oil demand within the next three months is a fool’s errand, and the oil complex must assume that there will continue to be a massive oversupply of oil and oil products. With that in mind, the only focus for oil producers should be limiting supply and avoiding the disastrous scenario of global storage reaching its limit. Without any oil cut, global storage would be nearing capacity…