Oil price is finally on the right track! – Arab Times Kuwait News
Oil price is finally on the right track! – Arab Times Kuwait News
This post has been read 1026 times!
DUE to the recent OPEC+ agreement, and with the support of Russia to stick to its exports and its reduction commitment to OPEC, oil price is accordingly hovering around the magic number of $80 per barrel. This is set to remain as it is, and perhaps goes beyond the current level to reach above $90 per barrel by the end of next month with the end of the summer and driving season.
Russia’s action, along with Saudi Arabia’s voluntary move to reduce production by one million barrels per day from this month and possibly the next, shows the solidity of OPEC+ and the firmness of the two biggest oil producers and exporters.
Select Sector 
Select Country 
