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What Oil Production Freeze: Russia Just Revealed The Laughable Loophole In The OPEC "Agreement"

The main catalyst that pushed the price of oil from a 13 year low in early February, when crude briefly traded in the mid-$20 to well over 50% higher less than one month later in one of the world's most furious short squeezes, was the recurring infatuation with the fabricated narrative that OPEC would if not cut production then, then at least freeze it.

We mocked this, as recently as one month ago, when we wrote "About That "Oil Freeze": Russian Crude Production Sets New Post-Soviet Record In February" an article which was self-explanatory:

MH370: Investigators Say Mozambique Debris Likely From Plane

The mystery of what happened to Malaysian Airlines flight MH370 continued as officials said two newly discovered pieces of debris found in Mozambique in Africa are from the doomed flight.  The announcement was made on Thursday by Australian officials following the completion of an examination of the two pieces. CNN reports: “The analysis has concluded the debris is almost certainly from MH370,” said Australian Minister for Infrastructure and Transport Darren Chester.

President Erdogan Wants To Dismantle UN Security Council

President Recep Tayyip Erdogan of Turkey proposes that the UN Security Council be dismantled and reformed to reflect a more “democratic” institution – with more Islamic representatives. Erdogan wants Islam to be more representative in the council’s chambers, even though the permanent members of the UN Security Council have their own Muslim citizenry.

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