Re; What's Going On, page-64

Here is a bit of read for any who are inclined.
https://www.cnbc.com/2018/06/23/reu...l-supply-boost-as-opec-russia-agree-deal.html

Bottom line! IMO    If  Iran pulls (maybe already decided) out of the Iran  Nuclear Deal as did the US, then they would have sanctions increased again on them so as to thwart their pursuit of nukes.  These sanctions would restrict their contribution to oil on the global scene.  As  US oil reserves are waining also and Venezuela  are not in the running  for oil production and the balance of OPEC countries cannot make up for the loss of production then this has to push OIL prices up during 2H 2018.

My guess OIL prices may see 80 - 85 pb by years end.


All IMO   based on what I understand

My question is how will BAS fair?

Thoughts?