Why are oil prices high despite OPEC deciding to phase out supply cuts?

Capt. John

Crude oil prices have been on the rise recently, despite the Organisation of Petroleum Exporting Countries and its allies (OPEC+) announcing a gradual phaseout of production cuts, starting later in the year. Crude oil prices settled for the third straight weekly gains on June 28 and are currently...

https://www.hellenicshippingnews.com/why-are-oil-prices-high-despite-opec-deciding-to-phase-out-supply-cuts/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon