OPEC’s Influence on Oil Prices To Remain Significant In 2024
theenergynewsbeat.substack.com
Fears of lower demand and rising non-OPEC supply threatens OPEC+ cuts. U.S. oil producers took everyone by surprise this year by adding 1 million barrels in daily output. OPEC’s share in the global total may have fallen because of the cuts, but it is still pretty solid at 27% of the total.
OPEC’s Influence on Oil Prices To Remain Significant In 2024
OPEC’s Influence on Oil Prices To Remain…
OPEC’s Influence on Oil Prices To Remain Significant In 2024
Fears of lower demand and rising non-OPEC supply threatens OPEC+ cuts. U.S. oil producers took everyone by surprise this year by adding 1 million barrels in daily output. OPEC’s share in the global total may have fallen because of the cuts, but it is still pretty solid at 27% of the total.