OPEC’s Relevance Isn’t Fading—Yet ...Middle East

OILPRICE - Economy
OPEC’s Relevance Isn’t Fading—Yet
source : OILPRICE ( Middle East ) () 74
Two months from now, OPEC+ is supposed to start unwinding the oil production cuts it agreed in 2022 and aimed at keeping the price of oil palatable for the members of the group. The start of unwinding is not a certainty, however. To some, this is a sign of OPEC’s growing irrelevance. In reality, that’s wishful thinking. OPEC+ has been withholding over 5 million barrels daily in crude oil production for three years now. It had scheduled a gradual relaxation of these cuts aimed at restoring output without tanking prices. That relaxation…

Hence then, the article about opec s relevance isn t fading yet was published today ( ) 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’s Relevance Isn’t Fading—Yet )

Apple Storegoogle play

Last updated :

Also on site :



Latest News

Nigeria: Telecom Sector Shows Resilience Amid Tariff Hikes, Infrastructure Push

before 12 minute

Nigeria: The Attack On Nigeria's Power Infrastructure

before 36 minute

Muscat stock exchange index falls 0.26 percent

before hour & 32 minute

Billion-Dollar Data Centers Are Taking Over the World

before 3 hours & 50 minute

Best Accounting Software for UK Small Business (January 2026): Sage Recognised as the Leading Solution for Managing Finances by Consumer365

before 4 hours & 34 minute

The Dollar Is Facing an End to Its Dominance

before 4 hours & 48 minute

LG Display showcases wide lineup of world-first, leading OLED monitors

before 14 hour & 2 minute

Why China Is Driving Short-Term Oil Prices But OPEC Still Holds the Lever

before 14 hour & 55 minute

China Passes Amendments to Foreign Trade Law to Boost Trade War Capabilities

before 15 hour & 3 minute

Small Modular Reactors Are the Perfect Fit for Kazakhstan’s Power Grid

before 17 hour

How Israel Is Reframing the Iran Threat

before 20 hour & 59 minute

Phemex aggiorna l'ecosistema RPI stabilendo nuovi parametri di riferimento per la liquidità su oltre 210 coppie

before 21 hour & 55 minute

RKTech Invests in Entropy, Unlocking Access to Two Million LATAM Technology Professionals

2025-12-27

Interact Marketing Warns: Unchecked AI Content Risks for Brands

2025-12-27

US dollar records biggest weekly decline in four months

2025-12-27