Jaap Meijer shares key insights into the evolving oil market

Earlier today on CNBC, Jaap Meijer, our Head of Research, shared key insights into the evolving oil market. With Saudi Arabia planning to unwind production cuts by December, the global market could see a period of lower prices.

OPEC+ is set to increase production by 2.2 mb/d by Q4 25, while Saudi faces the potential of fiscal austerity if prices dip below USD 90/bbl. However, higher production offsets the impact—every USD 10 drop in oil prices can be revenue neutral with a 1 mb/d production increase. This signals significant shifts for both Gulf economies and global oil markets.