Oil Prices Tumble Again as OPEC+ Cuts Production, G20 Aims for ‘Stability’ – The Energy Mix
“The U.S. oil industry must come to realize that this bust is an extreme but not isolated event,” said Senior Research Analyst Lorne Stockman. “The transition under way in energy markets is already setting up the next bust, and many OPEC country leaders are aware of that. Now is the time to pursue a long-term, planned exit from fossil fuel production that avoids the chaos of the past few weeks, in contrast to the short-term goals of the current deal.”