OPEC+ Cut Makes Oil Balance Look “Insanely Bullish” For Later This Year ...Middle East

The surprise OPEC+ cuts are making oil balances look “insanely bullish” for later this year, provided that the global economy holds up, Amrita Sen, founder and director of research at Energy Aspects, told CNBC on Monday. On Sunday, OPEC+ members, led by Saudi Arabia and other major Middle Eastern producers, announced a fresh combined cut of 1.16 million bpd until the end of this year, on top of Russia's announcement that its own 500,000-bpd cut until June would be extended to the end of 2023, too.   Saudi Arabia will cut 500,000…

Hence then, the article about opec cut makes oil balance look insanely bullish for later this year was published today ( Monday 03/04/2023 - 05:41 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( OPEC+ Cut Makes Oil Balance Look “Insanely Bullish” For Later This Year )

Also on site :

• GEEKOM revient au CES 2026 avec ses nouveaux ordinateurs portables haut de gamme et une génération inédite de Mini PC
• China’s LNG Imports Rebound Late in the Year After a Prolonged Slump
• China’s EV Exports Soar by 87%