What to Expect from the OPEC+ Meeting? Will the Oil Futures Curve Shift into Backwardation?
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It’s a complex dilemma for Saudi Arabia. Earlier this month, some observers, including politicians and media outlets, interpreted any OPEC+ cuts as an act of weaponizing oil in response to Western support for Israel as it fights Hamas in Gaza. Now, however, a temporary ceasefire has been reached. Amid the negotiations related to the Israel-Hamas war, Saudi Arabia and its allies can go for additional cuts next week and avoid being accused of weaponizing oil. But it doesn’t end here. If OPEC+ increases production instead, some will argue that Saudi Arabia weaponized oil to
What to Expect from the OPEC+ Meeting? Will the Oil Futures Curve Shift into Backwardation?
What to Expect from the OPEC+ Meeting? Will…
What to Expect from the OPEC+ Meeting? Will the Oil Futures Curve Shift into Backwardation?
It’s a complex dilemma for Saudi Arabia. Earlier this month, some observers, including politicians and media outlets, interpreted any OPEC+ cuts as an act of weaponizing oil in response to Western support for Israel as it fights Hamas in Gaza. Now, however, a temporary ceasefire has been reached. Amid the negotiations related to the Israel-Hamas war, Saudi Arabia and its allies can go for additional cuts next week and avoid being accused of weaponizing oil. But it doesn’t end here. If OPEC+ increases production instead, some will argue that Saudi Arabia weaponized oil to