KAPSARC study concludes OPEC+ efforts to stabilize market cut price volatility by 50%
RIYADH: OPEC+’s management of spare capacity reduced crude oil price volatility by up to 50%, both before and during the COVID-19 pandemic, according to a new study published by King Abdullah Petroleum Studies and Research Center (KAPSARC) in the Energy Journal. The study “Oil Market Stabilization: The Performance of OPEC and Its Allies” further highlights that, OPEC+’s
Source: arabnews.com