Wednesday, July 14, 2021

Oil Prices - Spike or Plunge?

According to the article from NPR, here are 5 things to watch out :

1. Demand for oil prices is rising.

2. But oil producers produced less. Oil Supply and Demand imbalances

3. The OPEC+ countries monthly meetings. Impasse.

4.  What this meant for public? Two opposites reactions. The drama among OPEC+ continues.

5. Pressure for compromise. A price spike would harm the world's oil consumers like us.

Keep watching.

Image credit - NPR/US Energy Information Administration.

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