No Winners From OPEC+ Impasse
Salih Yilmaz, Oil Analyst, Bloomberg Intelligence
08-Jul-21 07:30
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The UAE is blocking an extension of the OPEC+ deal to gradually increase oil production until the end of 2022, arguing that its quota is unfair. As a result, oil prices have hovered at multi-year highs, but how sustainable is this trend? We discuss the outlook for oil markets and whether we’ll ever see a return to USD100 per barrel levels with Salih Yilmaz of Bloomberg Intelligence.
Image credit: pixabay.com
Produced by: Philip See & Shazana Mokhtar
Presented by: Wong Shou Ning, Philip See, Shazana Mokhtar
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Categories: Politics, Social Issues, Business Analysis, Auto, Trends and Forecasts, Markets, Environment, Science, law & legal matters, Investments
Tags: oil, price, stocks, investments, covid-19, OPEC, oil and gas, UAE,