Oil prices slumped after OPEC+ announced deals to ease voluntary crude output cuts in the last quarter of 2024 and extend group-wide production quotas into 2025. Market watchers are now closely monitoring quota compliance, global oil demand forecasts and non-OPEC+ supply growth.
In this episode of the Oil Markets podcast, S&P Global Commodity Insights’ Rosemary Griffin, Payam Hashempour and Charlie Mitchell join Herman Wang to run through the key points of the group’s latest deals and the market reaction.
Links:
Energy Security Sentinel™
Steady oil prices indicate uncertainty around OPEC+ plan to increase output in Q4 (subscriber content)
OPEC+ extends voluntary cuts to September, sets phase-out schedule (subscriber content)
Dated Brent - PCAAS00
Dubai Mo01 - PCAAT00
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