Investing com– OPEC and its allies, or OPEC+, are encountering damaging background for the strategies to improve manufacturing as a possible crude excess in 2025 and cooling down need will likely remain to blunt any type of increase to oil pricesfrom possible supply disturbances, planners from BofA stated in a Monday note.
“OPEC+ has sought opportunities to raise output ever since it started ceding market share in late 2022. The group unveiled an aspirational plan in June to do just that, but a demand growth slowdown, from 1.9mn b/d in 2023 to just 900k b/d in 1Q24 and
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