OPEC+ Unity Tested as Oil Market Faces Uncertain Demand, Volatility in 2023
- China's demand outlook highly uncertain, could sway prices
- OPEC+ unity fraying, limiting its ability to steer market
- Saudi Arabia has budget needs but other priorities than boosting supply
- US oil production growth expected to slow down in 2024
- Analysts see more volatility ahead for crude prices after 10% drop in 2023