
Is That A New Oil Field?
Okay besties so like I was scrolling through my phone (duh!) and saw this article about oil. Oil! You know the stuff that fuels my G Wagon *and* my private jet? Turns out these countries in OPEC+ (sounds like a new boy band tbh) are pumping out more oil. Like way more. We're talking 548,000 barrels per day which in Kylie Math is A LOT. Apparently Russia and Saudi Arabia are leading the charge. So basically more oil is being produced.
Rising Gas Costs Are Cancelled!
So the headline says they're doing this because the 'global economy' is looking good. Sounds boujee! They said it's cause inventories are low? I’m not really sure what that means but I think it means gas prices should stay…normal? I hate being basic but I also HATE when gas is like super expensive. Remember when I took Stormi to get gas at a regular station and everyone freaked? Yeah I’d rather not have a repeat of that. But with the rise of fuel prices due to the global economic outlook I'd rather just take my PJ and have no worries!
Voluntary Cuts: So Last Season
Okay this gets a little complicated even for me! Apparently these countries had these 'voluntary production cuts' going on. It sounds like they were trying to limit how much oil they were making. Like dieting but for oil? Anyway they are increasing output by 137,000 barrels per day every month until September 2026. Can you believe it it will take that long?
Oil and The Middle East: Not My Vibe
The article mentioned something about the war between Israel and Iran briefly giving oil prices a boost. I'm not really into politics but I do know that anything that disrupts supply chains is not a vibe! If it's difficult to get supplies especially oil this can be so inconvenient.
Is This Good News or Bad News?
So what does all this mean for us normal people (besides me)? Well hopefully it means gas prices won't skyrocket and we can all afford to drive to our summer vacays. And maybe just maybe it means I can save a little money on jet fuel. Just kidding! I'm still gonna fly private because duh! But seriously a stable oil market is good for everyone. Kylie Cosmetics needs to deliver those lip kits right?
Reality TV and Big Oil
Okay so that's my take on the oil news. I know I know I should stick to makeup and selfies. But hey even a billionaire has to know what's going on in the world! Plus you never know when you might need to negotiate a sweet deal on a fleet of electric G Wagons. You know what I mean? I have to be on top of all things oil included.
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