US EditionOPEC+ remains in control despite weakening demand and US-China tariff tensions
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OPEC+ remains in control despite weakening demand and US-China tariff tensions
Oil prices may fall to $50 per barrel as trade tensions between the US and China show no signs of abating. In such a scenario, the Organization of the Petroleum Exporting Countries remains in control of the oil market. The escalation of the US-China trade war has overshadowed the 90-day tariff pause on other nations, moving the conflict closer to a point of no return.Despite fluctuating prices and weakening demand, OPEC+ retains control and the …
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