Deeply Discounted Crude Becomes Headache For OPEC ...Middle East

If you ask an oil major what the last five years have been like, they would probably have something to say about price crashes and demand destruction. If you ask a large importer of crude, they’d have a completely different perspective. They may well praise price crashes that have allowed them to fill up on cheap crude, and they might even have a positive thing to say about the pandemic that brought prices to historic lows. And this is a problem for the world’s largest oil-producing cartel. OPEC, and its Russian and Central Asian partners…

Hence then, the article about deeply discounted crude becomes headache for opec was published today ( Tuesday 20/04/2021 - 03:31 AM ) 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.

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