Publications: Notes at the Margin

The Squeeze on Producers Intensifies (September 30, 2024)

 

September 2024 was a great month for those counting on lower oil prices to stimulate the global economy. In contrast, those hoping for higher prices may see it as the worst four weeks in a decade or more. The brightening outlook for consumers—and gloomier prospects for those who profit from increasing oil prices—comes from developments that will put greater downward pressure on prices.

 

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