Published 09/06/2024 10:03:01 a.m.

Opec+ delay to output rise fails to rejuvenate oil price

Summary by AGBI

Attempt to stabilise prices falls flat Aramco share price drops further Oil market is ‘broken’ says analyst The decision by Opec+ on Thursday to postpone its oil output hike until December has failed to pump up the markets, where the sentiment remains bearish. While Opec+ still holds sway over global balances, it is running out of options to stabilise prices, analysts said, as the share price of Aramco, the world’s biggest producer, continues …

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Opec+ delay to output rise fails to rejuvenate oil price

Attempt to stabilise prices falls flat Aramco share price drops further Oil market is ‘broken’ says analyst The decision by Opec+ on Thursday to postpone its oil output hike until December has failed to pump up the markets, where the sentiment remains bearish. While Opec+ still holds sway over global balances, it is running out of options to stabilise prices, analysts said, as the share price of Aramco, the world’s biggest producer, continues …

09/06/2024 10:03:01 a.m.

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