Ashraq News – September 2022

September 29, 2022

Falling oil prices reflect weak global demand

 

Dr. Christopher Payne, Chief Economist at Peninsula, spoke this morning with @Mohamed Al Salti on @Asharq News to discuss the current state of oil prices, which he explains reflect weakened demand globally. He highlighted that OPEC will entertain Russia’s proposition to cut oil output by 1 million barrels per day, but is likely to face pressure, particularly from GCC members, to oppose the decision.

Watch the full interview below here.

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