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Opec-Plus Seeks Soft Landing From Cut Strategy
Even in the best of times, extensive and prolonged oil production cuts are not easy to collectively maintain for Opec-plus members. So when it comes to unwinding the cuts made since 2022 to cope with the gyrating post-Covid-19 oil market, identifying the appropriate market conditions and timing is critical. Opec-plus may now be close to that point. Members are finally expected soon to start talks on unwinding their curbs, which are composed of layers of voluntary and overall group restrictions, totaling around 5.6 million barrels per day. But Opec-plus has much to consider before it takes the leap, including the ... (full story)