OPEC+ has once again adjusted its strategy to navigate the turbulent waters of global oil demand. Initially, the group planned to ease production cuts starting October 1, then pushed this back to January 1. Now, the goalpost has shifted further to April 2025, with the unwinding set to stretch over 18 months. The group’s cautious approach reflects a reality: the global oil market remains fragile, and demand growth has been slower than anticipated. This isn’t just a recalibration of production schedules—it’s a stark acknowledgment of the challenges posed by softening demand, geopolitical uncertainties, and unpredictable market dynamics. The planned unwinding focuses on three key production tranches agreed
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