Weekly update on oil markets and economy

In this market commentary hosted by Gulf Intelligence, Christof Rühl, member of the Advisory Board of Crystol Energy and a Senior Fellow at the Harvard Kennedy School and the Center on Global Energy Policy at Columbia University, discusses the latest market dynamics.

Christof comments on the decision of OPEC+ members to extend production cuts to July following their meeting that took place on Saturday 6 June, as well as Iraq and Nigeria’s ability to comply with the existing curbs. He further discusses the economic outlook, projected supply and demand balance in Q3, and the latest data on US unemployment rate.

Listen to the discussion

In this poll from Gulf Intelligence, 2 out of 3 respondents expect that Iraq and Nigeria, both laggards in previous OPEC+ cuts, will still fail to comply with OPEC+ obligations in Q3.

 

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