A recession is no match for OPEC+

History shows that OPEC cuts work wonderfully.

When OPEC acts it changes the market no matter how deep the crisis. Massive 9.

7 m b/d in May 2020.

Large cuts in Dec 2008.

And opposite: No-cuts in 2014 crashed the price.

OPEC used to be slow and re-active.

Now they are fast and re-active.

Latest cut.