Global Production | Egypt Oil & Gas

OPEC+ Warns of “Precarious” Oil Market

The Organization of Petroleum Exporting Countries and its allies (OPEC+) has warned that the state of the oil market is in a “precarious” position and has hinted towards a change of tack in regards to oil cuts.

OPEC+ Compliance Reaches 95% in July

Compliance with the Organization of the Petroleum Exporting Countries and allies’ (OPEC+) oil cuts has been assessed to be at a range of 95%-97% in July as demand shows signs of recovery.

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