No Winners From OPEC+ Impasse

Salih Yilmaz, Oil Analyst, Bloomberg Intelligence

08-Jul-21 07:30

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The UAE is blocking an extension of the OPEC+ deal to gradually increase oil production until the end of 2022, arguing that its quota is unfair. As a result, oil prices have hovered at multi-year highs, but how sustainable is this trend? We discuss the outlook for oil markets and whether we’ll ever see a return to USD100 per barrel levels with Salih Yilmaz of Bloomberg Intelligence.

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Produced by: Philip See & Shazana Mokhtar

Presented by: Wong Shou Ning, Philip See, Shazana Mokhtar

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Categories: Politics, Social Issues, Business Analysis, Auto, Trends and Forecasts, Markets, Environment, Science, law & legal matters, Investments

Tags: oil, price, stocks, investments, covid-19, OPEC, oil and gas, UAE,

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