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OPEC+ Has Little Room to Revive Oil Supply, Iran Official Says.

Authors :
Smith, Grant
Source :
Bloomberg.com; 11/25/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

The article discusses Iran's representative to OPEC's view that the organization has limited ability to increase oil production due to competition from US shale oil. The representative also criticizes OPEC's policies and warns of potential oversupply in 2025. Additionally, smaller African members may leave OPEC due to financial constraints. The article highlights the challenges OPEC+ faces in balancing supply and demand in the global oil market. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
181094371