برچسب مطالب ‘rebalance-the-market’

Iran: Oil To Fall To $40 If OPEC Fails To Reach Deal

A fractured OPEC is meeting later this week to discuss a deal to cut oil production—yet again—to rebalance the market and lift oil prices that have recently slipped to below most of the cartel members’ budget-balance points.

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Oil Production Cuts Under Consideration

OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps by as much as one million barrels of oil a day, to rebalance the market after US sanctions on Iran failed to cut Tehran’s output, Saudi Arabia’s energy minister said Monday.

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