Reply To: OPEC+ To Cut Crude Oil Production 2 million Barrels Per Day 

#46327
TradersCom
Keymaster

International Energy Agency (IEA) Executive Director Dr Fatih Birol.

the world is in the middle of the first truly global energy crisis.
the decision from OPEC+ to cut output by 2mn bbl/day is a risky one, especially as several economies are on the brink of recession
global LNG markets will tighten further in the next year as Europe’s imports will increase and demand from China may rebound