Even with demand on the rise, OPEC is slashing oil production.
The latest cuts from Saudi Arabia — announced just yesterday — will reduce oil output by one million barrels per day.
And Charles Mizrahi is warning readers that these cuts could quickly turn temporary shortages into a full-blown oil crisis.
Scroll down for the full story …
— Jaclyn
From: Charles Mizrahi
Sent: Monday, June 05, 2023
Subject: Saudi Arabia’s Surprise Oil Cuts…
Dear Derek,
“We wanted to ice the cake.”
That’s what Saudi Energy Minister Abdulaziz bin Salman told the press after delivering another major shock to oil markets this weekend…
It started last October, when OPEC announced plans to cut oil production by 2 million barrels a day.
The energy cartel doubled down in April, cutting another 1.6 million barrels.
And just yesterday, Saudi Arabia cut another million barrels on their own.
Even before these cuts, the world was just months away from a potentially massive oil shortage.
Supply simply cannot keep up with demand, as you can see in the International Energy Agency’s chart below:  But these additional cuts could turn a temporary shortage into a long-term crisis … one unlike anything we’ve seen since the 1970s.
That’s why I’m urging my readers to take action as soon as possible.
I’ve included all the details in my special video presentation here. You should watch it immediately. Regards,

Charles Mizrahi
Founder, Alpha Investor
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