Posthaste: Let OPEC fight all it wants — the Canadian oilpatch can survive at US$45 oil, thrive at US$50
The euphoric rise in oil prices have left many analysts giddy with some whispers of US$100 per barrel already in the ears of investors, but it’s time to take a sobering reality check.
An all-important meeting of OPEC and its allies starting Thursday could see oil prices fall below US$60 if Russia has its way.
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Yadullah Hussain
Original Article Posted on: Mar 02, 2021
Link to Original Article: https://financialpost.com/executive/posthaste-let-opec-fight-all-it-wants-the-canadian-oilpatch-can-survive-at-us45-thrive-at-us50/wcm/dc067de6-f7a6-4d73-a708-09601e957d7c/amp/