Opec has been trying to control oil prices through production quotas for decades. Needs to stop, an open market much better for lower prices. Flood the markets with oil, price comes down. Certain countries, IRAN, Russia lose a huge amount of their income, become much less relevant. May be the beginning of the end of OPEC

collapse of NATO , collapse of OPEC , just keep going

UAE is not even allowed to exit the Persian gulf
- Its pipe avoiding Hormuz strait was bombed the last hours before the ceasefire!
- Iran is singling out UAE specifically as party to the war, thus they are in for a rude awakening

UAE have also been looting shared fields with Iran by extracting more than agreed amounts (just like kuwait also looting shared Iraqi oil fields) and Iran have kept this card close to its chest.

There will either be a regime change in UAE (currently its controlled by several tribes) or UAE will seize to exist within 5-10 years, it will most likely be absorbed into Oman, because historically its was always part of the Omani sultanate until the brits carved it out - UAE have no friends in the region, even saudi monarchy view it as a nuisance and pissraely colony in our region due to its destabilization actions - not to forget its role in the Sudan genocide and Gaza genocide.....

Eastern European escorts should find a new base with other words!

So it begins. These guys want to make up for lost revenue and don’t want their neighbors limiting their ability to do so. Gives the cartel less control over the price

I will be joining OPEC+ as of may 1st. They are making space for me

Theoretically if they don't coordinate supply that's a good thing for everyone everywhere. Ideally OPEC should never exist.
On the other hand if they each make their supply, they will end like the rice farms or milk producers with squeezed prices by oversupply, then they supply more or less according to the problem of the day, and we will never have a stable price for a barrel of oil anymore.

Now they have to come up with a way to increase their non-Hormuz infrastructure. Elephant in the room people! Currently they can shift about 1/3 of their output without the strait. So it is sentiment only for the rest of the year at least.

How is even this related to trading

i lost $35000 in gold today not sure what to do next buy or sell

Timing is pretty strategic. Perhaps part of the dollar swap deal. I wonder what Iran has to say about this?

Riziq-Cap
7 min ago

"UAE have no friends in the region"
____________________________________________________

lol, where did you get your brain? K-Mart?

The end of the petrodollar is closer than we think

Buy or sell??

yup.. mcdonalds job application here i come! the shotgun barrel didn't do enough!

Welp, I’m done for the week

opec no good

there s no official comunication.
fake

EDIT: unbevieble that s true

What would this do to Oil?

messed

wow

This happens after 1min I entered the trade. FucK

Iran's pressure works out

OIL WILL DROP

But how can this trash move the market?????

Super news!!!
RIP markets

Oil

200 dollars per dollar OTW

charts are cooking

Gold will go 3500 in 2-3 months

Atleast the bias is clear

OHHH

Hey, how's it going with the EURUSD?

the fact is UAE wants cash which it cannot get so far, with very little passing through Hurmuz pushed them to break out of Opec and Opec+. I can see the investors are having a problem on which direction to deal with the dollar.

Trump is weakening US alliances.

The monthly closing took the opening of April 4555. The next 2 days will be super boring for traders

The dollar will continue to weaken. I remain focused on buying euros every day. Every morning, afternoon, and evening, I always buy euros. From last week until now.

get ready gold buy from 4519-4540

Wth

sl

let us trade peacefully wtf is going on every hour there is new news

thanks, the full stop plus slippage was taken...

its good for oil or bad?

Price of oil surging higher. It's actually unbelievable how manipulated the stock market is. Until they pull the plug and the stock market falls through the floor.

which news shake oil and gold in forex

nice tq gold got sell

Let it come over

Is dollar going to rise or dip

Buy or sell gold

Sell or buy gold short term

si

Gold is bold

Oil prices will increase or decrease ??

This means war is coming back again in meadel east, this act of UAE means they wanna helping USA to controll the oil prices by producing more oil.

and I thought OPEC was exactly what made them such a rich country. but they probably just want to fill their already full capacities. how do they want to export oil if Iran won't let them?

Oil prices will increase or decrease ?