<![CDATA[What would be the effect if the oil purchasing countries suddenly decided to refuse purchases above a given value?]]>With rising oil prices, if countries decided to curtail their consumption - akin to a directed economy - to reduce purchases to a minimum and even refusing to buy above a certain value, what could that cause?

The first reaction I'd expect would be production cuts to hold the prices but, technically, those are already happening. Demand is just not following.

]]>https://forum.ieu.app/topic/c2f717ca-b046-4356-9374-5bb4b07f7ea7/what-would-be-the-effect-if-the-oil-purchasing-countries-suddenly-decided-to-refuse-purchases-above-a-given-valueRSS for NodeWed, 21 Oct 2026 22:57:43 GMTMon, 21 Sep 2026 19:23:22 GMT60