The agreement will end at the end of september, where they can recover all the production cut. Some people think they are extending the olive branch to present biden. Summer demand for oil increases in those countries because they need additional power generation - and this does not apply only to North Africa.
MacroVoices Erik Townsend and Patrick Ceresna welcome energy markets guru Dr. Anas Alhajji to the show to take a deep dive on energy markets – particularly oil and gas. They discuss Russia’s war campaign, OPEC+ spare capacity, Europe’s dependency on Russian natural gas and how much U.S. exports can ease that dependency, and much more. https://bit.ly/3OeUKFc
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