Weak Demand, Strong Non-OPEC Supply Put Cartel On Defensive

The OPEC+ cartel has responded to weakening demand for oil by delaying restoring production that it had cut previously to support oil higher prices.

By: Forbes

Sep 16 2024
30
3902 Views

Weak Demand, Strong Non-OPEC Supply Put Cartel On Defensive — Weak Demand, Strong Non-OPEC S

Oil prices are barely above $70 a barrel despite recent production outages in the United States due ... [+] to Hurricane Francine and Libya due to the political turmoil. (AP Photo/David Zalubowski) … [+5753 chars]

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