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Would Mideast Peace be good for OPEC+ ?

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(edited)

If no Mideast conflict with peace across the region where would oil be priced ?

 

 

Edited by Jabbar

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Surely it would be the same due to shale production over the last few years?

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Let’s say Venezuela, Lybia, Syria, Iran, Iraq, Yemen, Nigeria etc all were geopolitical peaceful. Russia and the Saudi would have to cut production massively to keep oil prices up.

Or everybody produce at $30 oil till loss of revenue culls the production herd so to speak.

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Mideast peace. Honest politician, unicorns etc. etc.

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Less geopolitical conflicts = cheaper oil

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