The question of what lies ahead for oil markets remains more pressing than ever as we witness a series of interrelated developments across the global energy landscape. In particular, the pressure is mounting on OPEC as key players, especially Saudi Arabia, face increasingly challenging circumstances that extend far beyond supply and demand mechanics. As oil prices continue to dip, approaching their 14-month low, and the global economic landscape slows down, we must carefully dissect the implications for oil-producing countries, OPEC agreements, and the broader market.
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