Sudden Shift in Oil Price Trends: OPEC+ Production Increase Not Yet Implemented, Global Concerns About Oversupply Already Emerging
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The oil supply shock caused by the US-Iran war has quickly reversed. With the resumption of Middle East exports, OPEC+ is shifting from a narrative of scarcity to concerns about surplus, once again facing coordination pressures between price and quotas.
According to Bloomberg, key OPEC+ members reached an agreement last