BP Economist Says OPEC+ Has Limited Scope to Restore Oil Output

The Organization of Petroleum Exporting Countries and its allies have been withholding supplies for almost two years to prop up prices.

By: Rigzone

Aug 28 2024
12
2634 Views

BP Economist Says OPEC+ Has Limited Scope to Restore Oil Output — BP Economist Says OPEC+ Has Li

OPEC+ has limited scope to boost output as that would put pressure on oil prices, given increasing supply from the US, Brazil and Guyana, according to BP Plc Chief Economist Spencer Dale. “They will… [+980 chars]

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