SUPPLY DEMAND

 

CGES Says Saudi Arabia Has ‘Free Hand’ Over Output After OPEC Meeting

OPEC’s 14 June decision to keep its 30mn b/d output ceiling with no individual quotas leaves Saudi Arabia free to act as it sees fit over output, according to the Centre for Global Energy Studies (CGES). In the 18 June Monthly Oil Report, CGES says oil prices have fallen by almost 25% from their recent mid-March peak of nearly $128/B and slipped below $100/B...