Opinion Oil & Gas Opec’s no-win situation on oil prices There’s not much that the quota-bound bloc members can do for now By Robin Mills September 17, 2024, 3:53 PM Jose Bula/Alamy via Reuters Oil workers in Lagunillas. Venezuela, along with Iran and Libya, is exempt from Opec production cuts When Opec+ decided to postpone its easing of production cuts two weeks ago, it was in a no-win situation. Oil prices tumbled on the signal that the organisation was negative on demand – but they would also have dropped had it added oil to the market... Register now: It’s easy and free This content is available for registered members only. Register for your free account today for exclusive emails, special reports and event invitations. Why sign up Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in
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