scorecardresearchSupply cuts from OPEC+ could drive oil prices to above $100, say experts

Supply cuts from OPEC+ could drive oil prices to above $100, say experts

Updated: 06 Sep 2022, 09:02 AM IST
TL;DR.
Experts believe that the outcome of Monday's meeting could be a wait-and-see approach as large uncertainties about the revival of Iran's nuclear deal are hanging over the market, apart from where the demand will go from here.
Oil demand from China is not signaling any kind of revival. Crude oil imports in July increased a mere 0.9% to 8.83 million b/d from the 47-month low in June amid destocking and a slow domestic recovery.

Oil demand from China is not signaling any kind of revival. Crude oil imports in July increased a mere 0.9% to 8.83 million b/d from the 47-month low in June amid destocking and a slow domestic recovery.