, Columnist
Is OPEC+ About to Cut Oil Output Again? Don’t Rule It Out
Crude has tumbled to the lowest in almost a year as traders digest China’s Covid turmoil — it may force OPEC to act this weekend.
Decision time at OPEC.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Welcome to Elements, our daily energy and commodities newsletter. Today, Bloomberg Oil Strategist Julian Lee takes a look ahead to this weekend’s OPEC+ meeting. And in the UK, another day without strong winds is showing the energy crunch is far from over. If you haven’t yet signed up to get Elements directly into your inbox, you can do that here.
As in politics, a week is an awfully long time in the oil market. Seven days ago, Saudi Arabia was denying a report that OPEC+ members were discussing an output increase ahead of their meeting this weekend.