, Columnist
Big Oil’s New Problem Isn’t Lack of Demand, It’s Lack of Supply
To avoid drastic spikes in oil prices, OPEC+ has to get a handle on the pandemic recovery.
Now boarding at Gate 53.
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The oil market is rapidly shifting from a period of over-supply during the height of the pandemic to one of potential shortage. Producers who managed the slump now need to be diligent in managing the recovery.
The oil producing countries in the OPEC+ group — led by Saudi Arabia and Russia — have done an amazing job at managing oil supplies as demand has crawled its way back from the biggest collapse in history.