Bloomberg Analyst Survey Predicts OPEC+ Output Extension
About 50% of analysts surveyed by Bloomberg on Friday says that they expect OPEC+ to roll over the deep production cuts into 2024
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About 50% of analysts surveyed by Bloomberg on Friday says that they expect OPEC+ to roll over the deep production cuts into 2024
Fears that OPEC+ will further deepen cuts at its next meeting had already put downward pressure on oil prices earlier this week, but the postponement of the meeting has added further concerns over an intensifying spat among the cartel’s members
Fears that OPEC+ will further deepen cuts at its next meeting had already put downward pressure on oil prices earlier this week, but the postponement of the meeting has added further concerns over an intensifying spat among the cartel’s members
Crude oil prices continued their climb on Monday with gains of over 2% heading into the next OPEC+ meeting on November 2
Opec+ is weighing further reductions in response to falling prices and rising anger over the Israel-Hamas war.