OPEC+ Watchers Don’t See Biden’s Call for Oil Heeded
- 13 of 23 see OPEC+ keeping output steady next month: survey
- OPEC+ committee grows less bearish on this year’s oil surplus
This article is for subscribers only.
Oil-watchers are skeptical that OPEC+ will answer President Joe Biden’s call for more oil supplies when it meets on Wednesday, expecting the coalition to preserve its remaining capacity for another time.
The alliance led by Saudi Arabia is more likely to keep output steady in September than agree on an increase, according to a Bloomberg survey of traders and analysts. Several delegates from members of the group privately predicted the same.