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