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Internal divisions and a historic demand split complicate OPEC's oil production plans
Manage episode 278815200 series 2659248
When OPEC+ meets this week in Vienna to decide how and when to increase oil output, impatient member states, surging Libyan production, and Chinese demand splitting off from the West will create headaches for ministers. Also, World Oil editors discuss how Arctic drilling plans in the U.S. and Norway are being motivated less by economics and more by geopolitical maneuvering, and the North American drilling rig count shows strength that exceeds even the most optimistic predictions from earlier in the year.
113 episoder
Manage episode 278815200 series 2659248
When OPEC+ meets this week in Vienna to decide how and when to increase oil output, impatient member states, surging Libyan production, and Chinese demand splitting off from the West will create headaches for ministers. Also, World Oil editors discuss how Arctic drilling plans in the U.S. and Norway are being motivated less by economics and more by geopolitical maneuvering, and the North American drilling rig count shows strength that exceeds even the most optimistic predictions from earlier in the year.
113 episoder
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