Oil markets_OPEC+ muddles through, but for how long_

6 December 2024 Oil marketsEquities & Commodities Global OPEC+ muddles through, but for how long? ◆ Later and slower OPEC+ production increases supportive to near-term fundamentals; 2025 market almost balanced ◆ Outlook worsens in 2026 as surplus grows if OPEC+ volumes return; the group's only hope may be lower Iranian output ◆ Brent forecast remains USD70/b for 2025 and beyond At its 5 December meeting, OPEC+ agreed to delay production increases by another three months, as was widely expected. This is the ...