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Oil Prices and OPEC+ Production Cuts

In an interview to Sky News Arabia, Dr Carole Nakhle, CEO of Crystol Energy, comments on the latest oil market developments.

Dr Carole Nakhle discussing oil markets on Sky News Arabia.

Dr Nakhle discussed oil prices for the coming months, warning that as long as there is no clear end in sight for Covid-19 pandemic and its subsequent impact on global economic growth, we should expect continued volatility in prices.

She added that OPEC+ cuts, effective as of May 2020, will help but unlikely to be exactly what the Dr has ordered. Besides, experience shows that not all OPEC+ members delivered on their promises under previous agreements and today there is no convincing evidence indicating otherwise.

Watch the full interview

 

Related Analysis

The oil market crunch”, Dr Carole Nakhle, May 2020

Related Comments

US WTI prices move in negative territory for the first time in history”, Christof Rühl, Apr 2020

IMF MENA Regional Economic Outlook – Panel Discussion on the Impact of Covid-19, Oil Price Shocks and the Way Forward”, Dr Carole Nakhle, April 2020

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