oil agreement.

Three OPEC+ countries have announced additional production cuts to the tune of over 1 m b/d until oil prices drop. The coronavirus did kill the oil deal, but it’s not done yet. Further cuts will be determined by the market, not political declarations – writes Wojciech Jakóbik, editor in chief at BiznesAlert.pl.

The oil deal is again waiting for an OPEC+ meeting with the possible participation of the United States. However, cuts as deep as 10 million barrels per day may not be enough. Oil production will continue to drop because of the coronavirus pandemic, regardless of what happens with the deal. Independent producers will handle the […]

The oil price war will continue because the oil agreement has lost its power in view of the expected drop in demand caused by the coronavirus pandemic. This creates an opportunity for Poland to make itself independent of oil from Russia, but it also poses a challenge to the country’s refineries – writes Wojciech Jakóbik […]

Last Friday, the eighth meeting of the ministerial commission monitoring the OPEC + groups took place in Saudi Arabia. Manufacturers intend to continue to raise the price of crude oil, despite the risk of increased extraction from competitors from the USA. Will the market believe them? – wonders Wojciech Jakóbik, editor-in-chief of BiznesAlert.pl.