OPEC+ failure raises oil market uncertainty
Uncertainty in the oil market has increased after this month’s OPEC+ meeting failed to reach agreement on future oil supply. In this Macro Flash Note, GianLuigi Mandruzzato looks at the reasons for the disagreement and possible future developments. Although no scenario can be ruled out, it is reasonable to assume that the agreement is only postponed and that OPEC+ will do everything in its power to contain oil price volatility.
