Will OPEC+ Maintain Oil Production Cuts? Let's Find Out

Oil prices surged on Tuesday, driven by heightened market speculation that OPEC+ will prolong its existing production cuts. The alliance, which manages roughly half of the world’s oil supply, is deliberating on extending these cuts through the first quarter of 2025, aiming to stabilize a market characterized by weak demand and geopolitical uncertainties.Despite the bullish sentiment surrounding a possible extension of OPEC+ cuts, the energy market remains volatile. The interplay between demand recovery, geo ...