DW Business July 14, 2024
Price would come under pressure again. If youre looking for an insight into the state of the Global Economy and the status of geo political relationships the oil industry is a good barometer. Because prices are still in danger of falling opec heavyweights saudi arabia and nonmember russia have agreed to extend current production limits for another 9 months. To put. Everyone supports at the proposition to extend for 9 months the limits agreed to in december. Opec 14 member countries and its allies like russia account for about half of the worlds crude outputs benchmark brant crude has climbed m...