OPEC+ Decision is Not Complete Without Aramco OSP
For now, it is a "wait and see attitude"
The much-anticipated virtual OPEC+ meeting took place today, ahead of the G7-proposed price cap on Russian crude oil which will go into effect tomorrow (Dec 5) along with an EU embargo.
As many expected, members of OPEC+ agreed to maintain their existing policy with no additional cuts. While this announcement looks bearish given the current market condit…
Keep reading with a 7-day free trial
Subscribe to Energy Outlook Advisors' Newsletter to keep reading this post and get 7 days of free access to the full post archives.