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Podcast: Podcasts - Oxford Institute for Energy Studies
Episode: OIES Podcast – Unpacking OPEC+ Multilayer Decision
Description: In this latest podcast, David Ledesma unpacks the latest OPEC+ decision with Bassam Fattouh. The latest OPEC+ decision is quite unique because of its multiple layers. To start with, OPEC+ countries agreed a new deal that starts in January 2024 till the end of December 2024. Also, earlier this year in April, several OPEC+ countries announced voluntary cuts until the end of 2023. During the last meeting, these countries decided to extend these voluntary cuts until the end of 2024. These announcements are expected to give more visibility to the market about OPEC+ supply next year. Also, for the first time since April 2020, the...