OPEC will gain more control of the oil market in 2024, and can raise production again in the 2nd half of the year, energy firm says
Oil
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Article by:
Phil Rosen - Business Insider
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Date Published:
December 12, 2023
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Who was cited:
FGE
A shaky demand outlook and booming US oil production have weighed on crude prices in the final months of 2023, but according to energy research firm FGE, the Organization of Petroleum Exporting Countries and its allies will get a firmer grip on the market in 2024, and will be able to ramp up production in the second half of the year.
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