OPEC+ Is Hunting for Market Share ...Middle East

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OPEC+ Is Hunting for Market Share
source : OILPRICE ( Middle East ) () 34
Leaving Price Targets in the Past, OPEC+ Is Hunting for Market Share The upcoming OPEC+ meeting, initially planned for July 6 but subsequently moved a day earlier citing the Muslim holy day of Ashura, is set to see another expedited 411,000 b/d output increase as the oil group seeks to regain market share.  OPEC+’s market share has been above 30% throughout the 2010s, dipping below that threshold only from Q4 2019 onwards (currently 27%), but Riyadh and other oil-dependent economies are now willing to risk a period of lower prices. …

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