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The Wall Street Journal: OPEC and allies set to ease oil output cuts, anticipating demand recovery

July 12, 2020 The Market Comments Off on The Wall Street Journal: OPEC and allies set to ease oil output cuts, anticipating demand recovery

An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns. Key members of the Organization of the Petroleum Exporting Countries and …

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Market Extra: An all-out war for dominance has erupted among OPEC and its allies, and now oil investors brace for a race to the bottom on prices

March 8, 2020 The Market Comments Off on Market Extra: An all-out war for dominance has erupted among OPEC and its allies, and now oil investors brace for a race to the bottom on prices

It’s every country for itself, or so it seems after a meeting between OPEC and other major producers ended in acrimony on Friday, which has the market now worried about a price war between some of the biggest oil producers in the world. Russia and Saudi Arabia are likely to …

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