www.bloomberg.com
OPEC+ faces a potential record oil glut in 2025, complicating future production decisions. Despite current output cuts aimed at balancing the market, rising global production and potentially weakening demand could create a significant surplus. This oversupply would pressure prices and make it challenging for OPEC+ to justify increasing output, potentially impacting their market share and revenue goals. Navigating this complex situation will require careful monitoring of global economic trends and competitor strategies.
