A Nightmare Start To The Year For Clean Energy Stocks

1. OPEC+ Underproduction Sparks $100 per Barrel Hype- With crude oil prices breaking the $90 per barrel threshold this week, an increasing number of voices have been forecasting a soon-to-happen surge to $100 per barrel, for the first time since 2014.- Several OPEC officials surveyed by Reuters claimed that the coming two months might see increased volatility as supply disruptions, such as Libya’s recent month-long force majeure, should remain on the table.- By November 2021 OPEC+ production was already 650,000 b/d below the intended target, with further discrepancies coming up as West African countries and Russia seem to have hit a production ceiling.- If OPEC+ continues with its monthly increase over the course of this year, its available spare capacity would drop to a mere 1 million b/d by June 2022, a level that Saudi Arabia has previously avoided for fear of…

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