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Brent oil. Citi says OPEC may need to to cut again, “fragile five" now adding to output

Brent oil. Citi says OPEC may need to to cut again, “fragile five
Citi commodity analysts say OPEC may need to think about further cuts to oil output.Info comes via a Bloomberg report (gated), main points:the “fragile five” (Iran, Iraq, Libya, Nigeria and Venezuela) have struggled with output losses and disruptions for the past few years, but will be adding around 900K barrels a day of production this year, and at least the same again next yearwill be sources of growth for five, four years — or maybe even longer in the case of Iraq and Venezuelawhile growth in... Read More
Posted: Aug 24 2023, 21:47
Author Name: forexlive
Views: 112473

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