OPEC+ extends deep oil production cuts into 2025

Clay Seigle, global oil service director at Rapidan Energy Group, joins BNN Bloomberg to discuss the energy market outlook amid supply concerns.
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[@robin-london]

According to Opec monthly report, we are in oil deficit of 1,5 million barrel per day in Q1 2024. However according to this same report oil inventory stay stable in OECD countries. So we don t see any oil deficit because we should see inventory decrease but it is not the case. So oil inventory are decreasing in other countries such as Russia?

[@FamilyCheung-kc1pw]

You know if US pick Donald trump, it will remove all limits on oil supply from US, oil price will drop as supply will be much higher. OPEC can reduce supply but they will lose the market share and has no choice to increase supply again . The oil price will be drop , I am sorry this will be happen again

[@annetoronto5474]

Trump needs to win, cheap oil prices will be a win for everyone, less war and happier population.