MacroVoices #365 Dr. Anas Alhajji: Energy Markets and Lessons Learned Since the Russian Invasion
Macro Voices
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The Black Market in Oil Is the Largest in History of the Oil Industry
The black market in oil has become the largest in the history of the oil industry. OPEC is going to have problems and traders are going to have some serious problems because no one has the real data. Another lesson we learned from the crisis during the last year is the reduction of the role of OPEC plus. And now we have a new dimension to this which is very interesting. The market power of OPEC almost diminished Because all the focus right now is not on the production on the spare capacity on the production, spare capacity of OPEC.
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