The End of the ‘OPEC Put’ And Signals of OPEC+ Unwinding?
Emma Richards, Associate Director, Oil & Gas, BMI
19-Jun-24 12:00
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Enterprise Explores OPEC+ and its new strategy, which includes extending production cuts and publishing an 18-month output schedule for key members. Despite efforts to stabilize the market, oil prices continue to slip, reflecting complex market dynamics and potential internal tensions within the group.
Formed in 2016, OPEC+ is a group of oil producing nations consisting of members of The Organization of the Petroleum Exporting Countries (OPEC) as well as other Non-OPEC oil-producing nations such as Russia.
Joining us to break down the details and implications of these announcements is Emma Richards, Associate Director of Oil & Gas at BMI. We will explore OPEC+'s shift towards defending market share amid evolving global energy dynamics and the transition towards renewable energy. Tune in for expert insights on the strategies and broader impacts of OPEC+'s latest moves.
Produced by: Roshan Kanesan
Presented by: Roshan Kanesan
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Categories: economy, markets, environment, international
Tags: energy strategy, opec, opec+, oil market, production cuts, renewable energy, oil prices,