OPEC+ Won't Be Fooling Anyone Anytime Soon
The harsh reality is catching up to OPEC+ members.
June crude exports for the first 14 days are coming in at the lowest level YTD. Remember now that starting in June, OPEC members have to divert some of the crudes they typically export to power burn, so the available crude to the rest of the world actually decreases.
Judging by the lack of increase in cr…