What hyperbolic clickbait nonsense. > If Saudi Arabia and its allies cut production when they gather Dec. 6 in Vienna, higher prices would allow shale to steal

What hyperbolic clickbait nonsense. > If Saudi Arabia and its allies cut production when they gather Dec. 6 in Vienna, higher prices would allow shale to steal market share. Considering oil prices have gone from near $80 to near $55 in about a month, I'm guessing they've decided to maintain or even increase production. That is unless the saudis and the wall st banksters decide to game the market as they do from time to time. But of course the bloomberg "journalists" wouldn't know anything about it or investigate that because they are allergic to real journalism like more establishment media. > But because the Saudis need higher crude prices to make money than U.S. producers, OPEC can’t afford to let prices fall. The saudis make money on their oil. They don't need higher prices for that and certainly their oil is more profitable than shale oil. What they need is higher oil prices to maintain their government budget. If you want to know what a joke bloomberg is... The same journalist wrote this today : "Saudi Oil Production Surges to Record in Early November" https://www.bloomberg.com/news/articles/2018-11-21/saudi-oil-production-said-to-surge-to-record-in-early-november https://www.bloomberg.com/news/articles/2018-11-21/saudi-oil... If anyone working at bloomberg knew what they were talking about, they wouldn't be working at bloomberg. They'd be raking in the millions working for themselves.