(Guest Post) OPEC+, the "V8," and the Oil Market: An Update

Thank you to Dr. Anas Alhajji for allowing us to share his post on OPEC+.

We have always been a fan of Dr. Alhajji’s view on the oil market, so please be sure to subscribe to his service!

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As oil prices declined by more than 10% recently, some news agencies reported that OPEC+ is discussing the possibility of delaying the unwinding of production cuts that were scheduled to start on October 1.  Some analysts predicted that OPEC+ will delay production increases.

There are serious problems with these reports.