A breakdown in OPEC would have broad macro effects ...Middle East

There is still a high chance that OPEC+ comes to an agreement on supply as higher prices are positive for all oil-producing countries. However, there appears to be a real sticking point over country quotas, particularly in Africa.If the talks become heated enough, producer discipline could break down or Saudi Arabia could withdraw its 'lollypop' additional 1 million barrel per day cut. If so, there is the risk of material downside in oil.If were were to see a breakdown in OPEC, oil could easily fall in to the $50s, which would be sharply disinflationary. I think it would be the nail in the coffin of the 'sticky' inflation argument. Aside from shorting oil, the obvious trades on it would be:B

Read More Details
Finally We wish PressBee provided you with enough information of ( A breakdown in OPEC would have broad macro effects )

Also on site :

Beloved ‘Days of our Lives’ Star Breaks Silence After Emmy Snub
Mike Levin: 10 big steps to help us get back to common sense and common ground
Trump threatens 35% tariff on Canadian goods and says he may double what other nations are charged

A breakdown in OPEC would have broad macro effects ...Middle East

Musk's Tesla marks formal India entry with Mumbai launch event

‘Neighbours’ Wraps Final Production for Prime Video as 40-Year Australian Soap Ends Second Revival With ‘Possibilities for a Future Chapter’

Envision Energy Earns World's First ISCC PLUS Certificate for Green Ammonia with GHG Metrics

Father's insecurity and Instagram reels: What led to tennis player Radhika Yadav’s murder?

ECB's Schnabel: The threshold for another rate cut is very high

Ben Healy rides to victory in Stage 6 of Tour de France

UK politics live: Cooper refuses to say how many migrants will be sent to France under new Macron deal

Update: Heat advisory affecting Yosemite from Friday to Tuesday

Who plays The Mule in Foundation season 3? Recast explained

Watch- Shubman Gill reacts as Ravindra Jadeja teases him in front of Sara Tendulkar

PKK terrorists to begin disarming at key ceremony in Iraq

50 conifer trees were set alight in a fire in Tividale due to garden incinerator error

Sunny Hostin’s Husband Dropped From Insurance Lawsuit

US senator says Trump's pick for Singapore 'unqualified'

FC Cincinnati vs Columbus Crew Preview, prediction, lineups, betting tips & odds .. MLS 2025