Rystad: OPEC+ cuts constructive for 2025 crude balances
Rystad Energy observed that the OPEC meeting produced a predictable outcome: extending production cuts. Crucially, OPEC+ reemphasised that monthly changes can be paused or reversed at any time, it said, adding that with the latest announcement, the production profile and oil balances clearly indicate an acknowledgment of the emerging supply glut without the extension in 2025.