OPEC Plus: No Production Cuts Expected Despite Surplus
Oil traders predict OPEC Plus wont cut production next year, despite potential surplus. Survey of brokers and analysts shows 65% believe no cuts, marking a significant shift from previous expectations. Despite anticipated oversupply, experts suggest it may not drastically lower crude prices. Oil futures have dropped 14% this year, straining OPEC Plus members finances. Only 8 of 25 respondents expect cuts next year, indicating prioritization of market share over price stability.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.