In my commentary for Oilprice.com in April, when OPEC+ surprised the markets with production cuts, I maintained that many were misinterpreting the development, as it will not result in higher oil prices due to falling demand—a tacit confession by OPEC+ and its de facto leader, Saudi Arabia. Moreover, the recent announcement of OPEC+ to cut 1 million barrels a day in July also failed to push oil prices higher, indicating underlying weakness in the global economy. Today, with Saudi Arabia having pledged to extend its latest cut into July, there…
Hence then, the article about the bearish case for oil markets was published today ( ) and is available onOILPRICE ( 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 ( The Bearish Case For Oil Markets )