The summary of the Sunday OPEC+ meeting is that:the cartel agreed to extend cuts of 3.66 million bpd by a year until the end of 2025 (were due to expire at the end of 2024)agreed to prolong the cuts of 2.2 million bpd by three months until the end of September 2024 (were due to expire at the end of June 2024) OPEC+ will gradually phase out the cuts of 2.2 million bpd over the course of a year from October 2024 to September 2025.On the face of it OPEC+ have laid out a clear plan to taper voluntary cuts (OPEC+ have inserted a caveat, which is, in a nutshell, 'subject to market conditions'). This should result in a tighter 2024 H2 / 2025 H1 than what was expected. On the demand side, its increa
Hence then, the article about goldman sachs says the opec meeting outcome is bearish for oil was published today ( ) and is available onforex live ( 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 ( Goldman Sachs says the OPEC+ meeting outcome is bearish for oil )