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Original Message
Sure it is. It's adding to global supply. "Keeping to down" is relative
Posted by Road Warrior on July 3, 2022 at 08:06:38:
Will an extra .5-1mmbpd knock the world price down $10/bbl? Absolutely not. But it will exert some downward pressure on prices. FWIW, I think it's a mostly political move Tim and on that we likely agree.