OPEC And Its Allies Are Ready To Boost Production, But Here’s Why An Oil Market Recovery Isn’t Guaranteed

By Forbes After record production cuts in April intended to prop up the market amid a demand crisis caused by the coronavirus pandemic, the world’s largest oil producers are expected to ease up on the restrictions and begin to increase their output…

Oil market to remain oversupplied despite deepening OPEC+ cuts: IEA

Noah Browning Global oil inventories could rise sharply despite OPEC and its allies deepening their output cuts and slowing U.S. production growth, the International Energy Agency (IEA) said on Thursday. “Despite the additional curbs … and a reduction in our…

OPEC+ faces “major challenge” in 2020 from competitors’ surging output: IEA Noah Browning

LONDON (Reuters) – The Organization of the Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy Agency said on Friday, adding urgency to the oil producer group’s policy meeting next month. “The OPEC+ countries face…