Commodities Corner: OPEC+ needs to ‘thread the needle’ between higher oil prices and losing market share

This post was originally published on this site

Major oil producers next week will face a decision on whether to raise crude output levels, against a precarious backdrop of supply and demand that has led prices to their highest levels in years.

The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, will hold their monthly ministerial meeting on Thursday via videoconference, and are expected to make a decision on production levels as the market heads into the holiday season.

OPEC+…

Add Comment