Production Predicament
As we edge closer to 2024, oil markets have increasingly begun to question what OPEC’s strategy for next year might look like. Under the current arrangement, production is due to rise by 2.375mbd in January if all producers chose to utilize their quotas. Few market participants expect the taps to be turned on come January, but noises are being made within the producer group about next year’s volumes, with the decision to postpone this Sunday’s meeting adding further downwards pressure on oil prices.
See Full Report Here
See Full Report Here
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
Please Contact Us at：
media@xindemarine.com
