Skip to content
Subscriber Only

OPEC+ Seeks to Defend Oil-Market Gains as Demand Outlook Darkens

  • Cartel is managing to restore output without crashing prices
  • OPEC+ monitoring committee to review strategy on Aug. 19
Oil Deliveries On The River Rhine
Photographer: Alex Kraus/Bloomberg

Follow us @middleeast for more news on the region.

OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.