OPEC is hoping Shale Oil loses steam and goes on the wane.
JP Morgan Chase had predicted that oil prices would shoot up as high as $190 a barrel in 2025.
Now we have Oil markets leeching on a relatively insignificant demand for travel.
It is evident that the world can no longer rely on Oil for the sake of the world's health.
OPEC has been regarded as a cartel and has acted as a cartel of late.
Nigeria is striving towards complying fully with its OPEC+ cut obligations by mid-July.
If cases soar in China and the United States, then the global economy is in for a cataclysmic shock.
Oil prices continued dropping as investors and traders weighed on oversupply prospects, dollar strengthening, and refining margins
OPEC decided to exempt Libya from its oil production cuts due to the production lost through conflicts and its closure of ports and oilfields.
Russia has always been the black sheep in the OPEC+ family as they tend to ever deviate from consensual commitment concerning the oil market.