Fundamental: Oil Production Cut Reflects OPEC Weakness say Economists

OPEC+ sent oil prices surging after announcing an unexpected cut to production, but some economists say the decision could in fact reflect the weakened position of OPEC in the face of slowing global demand. The cartel announced it would cut output by a million barrels a day, a move that comes mere days after delegates had signalled it had no intentions of ...     Alert Apr 3, 2023, 10:17pm Fundamental: Oil Production Cut Reflects OPEC Weakness say Economists OPEC+ sent oil prices surging after announcing an unexpected cut to production, but some economists say the decision could in fact reflect the weakened position of OPEC in the face of slowing global demand. The cartel announced it would cut output by a million barrels a day, a move that comes mere days after delegates had signalled it had no intentions of ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support