OPEC has few escape routes from another bear market in oil

OPEC has few remaining tools left to boost prices, after investors seem unmoved by the decision to prolong supply cuts.
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
BY ANGELINA RASCOUET, WAEL MAHDI, & JAVIER BLAS, BLOOMBERG

Oil's back in a bear market and investors remain unmoved by last month's agreement to prolong supply cuts, leaving OPEC and its allies with few remaining tools to boost prices.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading

Jobs

See all jobs