What can we expect on oil prices? The outstanding
feature of the present situation is increasing production
by the United States, which is becoming a world leader
once again (and building pipelines to boot).
OPEC is meeting to decide whether they will maintain
their present level of supply; a complicated decision.
https://www.lemonde.fr/economie/article/2018/12/05/energie-nous-entrons-dans-une-periode-d-incertitude-sans-precedent-dans-l-histoire-du-petrole_5392974_3234.html
* * *
https://www.nytimes.com/2018/12/06/business/opec-meeting-production-cut.html
True, the US both produces and consumes some 20 million barrels a day, out
of a 100 million world production. All the numbers:
https://www.eia.gov/outlooks/steo/report/global_oil.php
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