Token Supply Gesture Signals Group Cohesion

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Austria OPEC Meeting
  • Opec-plus' decision to raise output by 100,000 barrels per day in September sends the faintest of signals to the US and other consumers that their oil price concerns aren't being ignored entirely.
  • The louder, clearer message was of alignment between Saudi Arabia and Russia, and of their intent to keep the alliance alive to ensure effective market management.
  • The decision comes amid unrelenting inflationary pressures and a complex geopolitical environment — with US-China tensions soaring this week but Iran nuclear talks also resuming.

The Issue

Opec/Opec-Plus, Opec-Plus Supply , Sanctions, Oil Prices
Even if Brussels slips on its timeline to phase out Russian gas, Moscow still faces a huge challenge in carving out new markets at home and abroad.
Thu, Aug 11, 2022
Opec-plus crude oil production surged by 1 million b/d in July, largely thanks to a recovery in the output of Kazakhstan, Nigeria, and Libya.
Thu, Aug 11, 2022