OPEC credits its oversight with preventing oil price chaos

World Oil | Oct 14, 2021 at 2:00 AM
  • Oil’s stability relative to natural gas and coal underscore that OPEC+ is doing a good job balancing supply and demand.
  • Gas futures in Asia and Europe have soared by more than 150% since the end of June, while coal’s doubled.
  • The daily balance will change from a supply deficit of around 1.5 million barrels now to a surplus of almost 2 million by March.