, Columnist
OPEC, the Future Is Probably Worse Than You Thought
OPEC+ is really going to have to bear down on production cuts, and that’s before demand forecasts get slashed again.
Get ready.
Photographer: AMER HILABI/AFP/Getty Images
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Saudi Arabia and Russia are on a collision course.
On Friday the International Energy Agency will publish its first forecast of oil market balances in 2020. The headline figures will probably show stockpiles rising next year if the OPEC+ producer group doesn’t extend output cuts into a fourth year.