Saudi Arabia’s Delicate Balancing Act in the Oil Market
OPEC’s voluntary output cuts and its decision to hold monthly meetings triggered a clash with speculators, the media, and central banks. As a result, volatility has increased
EOA’s Main Takeaways (7)
OPEC’s voluntary output cuts and its decision to hold monthly meetings triggered a clash with speculators, the media, and central banks. As a result, volatility has increased.
Oil market management requires LARGE production voluntary cuts that are announced monthly to keep the market in backwardation.
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.