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ooooh I have an interested in this. If the below is the case (and it happens), how long can these countries continue pumping below market cost of extraction?

how the hell is the OPEC cartel aloud to function? I don't get how any form of monopoly or price manipulation is any other industry is seen as illegal, yet in the middle eastern world it seems perfectly acceptable? I mean COME ON. why aren't international bodies intervening ?

OPEC are set to meet in Vienna next week. Saudi have said they’re looking for stability but not willing to do it alone. What’s the likelihood of a favourable outcome which will be bullish for oil?! 

I this the same thing that happening  as it did in 2015 and 2016. Regarding the Saudi position is it correct to assume there is a high possibility that they have transacted very large swap transactions when the price was around US$70 to then fix the oil price for the next 12-24 months and hence that has caused oil prices to collapse as the counter party facing Saudi oil has been very active filling that extremely large transaction. In short is Saudi oil really that bothered about the oil price at the moment and  when these large transactions expire they will then be selling at market price and that could then affect their approach?  My other question is at what point do refineries start to dump oil products onto the market in panic and what are the chances we will see the same weekly DOE data as we did in Q1 2016? 

will electric cars have an effect on oil prices? and if so how much and when are we likely to see this come through?

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