{
Diamondback Energy Inc

Companies

}

OPEC faces challenges as high oil prices benefit rivals and strain unity

A senior OPEC+ official revealed that the cartel's strategy of maintaining high oil prices is inadvertently boosting rival production, particularly from the US. This has led to production cuts and a potential exodus of members like Angola, while Saudi Arabia struggles to manage output limits among its allies. As the group delays its next meeting, the pressure mounts to find a sustainable path forward without further alienating its members.
Bloomberg.com
United States Dollar Diamondback Energy Inc IRN USA SAU RUS ARE Afshin Javan Hans Christian Andersen Donald Trump Show more
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06:00 02.12.2024
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