Heading into November 2022 with the firm knowledge that cohesion within OPEC+ has been fully restored and the oil major has been given a new long-term target, next month’s pricing decisions for shipments of Middle East cargo faced an eerie dilemma . A sizeable supply cut would definitely merit a corresponding OSP increase, but what to do with pervasive fears of a yet-to-be recession? After all, the US Federal Reserve is becoming increasingly worried …
