OPEC+ Is Rushing Toward a Production Strategy Crossroads
Next month’s vote on output will tell whether the policy pivot is seasonal or structural.
Crude storage tanks at the refinery operated by Saudi Arabian Oil Co. in Ras Tanura.
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Welcome to our guide to the commodities markets powering the global economy. Today, OPEC reporter Grant Smith explores whether the cartel’s decision to accelerate production is a seasonal change or a structural one.
Ever since OPEC+ stunned oil markets by opening the taps three months ago, traders have tried to divine the cartel’s motives. Clarity may soon be at hand.