برچسب مطالب ‘rebalance-the’

Al-Falih: Russia Not Yet On Board With New OPEC Agreement

Of all the signatories to the OPEC+ agreement forged to rebalance the oil market through production cuts, Russia is the lone holdout, according to Saudi Arabia’s Energy Minister Khalid Al-Falih, cited in The New Arab, and is the last member to not get on board with additional production cuts.

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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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