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<p>As global attention shifts to the markets, oil continues to plummet, confirming a 5% decrease over the past month. This price decline, fueled by complex factors, exposes the vulnerabilities of a stressed sector.</p>
<h2 id="h-l-opep-face-a-ses-contradictions">Opec+ Facing Its Contradictions</h2>
<p>The Organization of the Petroleum Exporting Countries, along with its allies (Opec+), seems ensnared in a delicate situation.</p>
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<p>Despite prolonged <a href="https://www.cointribune.com/en/brics-vers-un-controle-absolu-de-la-production-petroliere-mondiale-2/" target="_blank" rel="noopener noreferrer nofollow">production cuts</a> lasting 18 months, the anticipated effect is slow to materialize. In reality, these adjustments resemble more of an attempt to patch up breaches rather than a strategy for sustainable recovery.</p>
<p>According to John Evans, an analyst at PVM, the overproduction capacity of Opec+ members constitutes a major problem.</p>
<p>Some countries, such as the United Arab Emirates, struggle to meet their quotas, thereby increasing market distrust. This collective breach undermines the cartel’s credibility, while investor pressure remains strong.</p>
<p>Brent crude from the North Sea and U.S. WTI, barometers of the oil markets, reflect this uncertainty.</p>
<p>The former falls to $71.43 per barrel, while the latter reaches a modest $67.66. At these levels, not only are producers’ margins eroding, but the implicit goal of keeping the barrel between $80 and $90 is moving dangerously out of reach.</p>
<h2 id="h-une-offre-mondiale-surabondante">An Abundant Global Supply</h2>
<p>In parallel, another challenge emerges: oil production outside Opec+ is reaching new heights. In the United States, drillers are operating at full capacity, pushing national production to a record level.</p>
<p>Data from the International Energy Agency (IEA) confirms this trend, anticipating a surplus supply of 1.1 million barrels per day by 2025.</p>
<p>This dynamic is explained by a combination of factors. On one hand, political support for fossil fuels in the United States remains strong.</p>
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<p>On the other hand, technological advancements allow producers to maximize extraction at lower costs. This robustness outside Opec+ further highlights the organization’s inability to exert sustainable influence on the global market.</p>
<p>The increase in U.S. crude stocks (+5 million barrels this week) illustrates <a href="https://www.latribune.fr/climat/energie-environnement/les-prix-du-petrole-diminuent-encore-face-aux-difficultes-de-l-opep-1013217.html" target="_blank" rel="noopener noreferrer nofollow">this paradox</a>: despite a decline in demand, supply continues to grow. This structural imbalance could maintain pressure on prices in the coming months.</p>
<p>These persistent fluctuations in oil prices raise a crucial question: are we witnessing a slow reevaluation of global dependence on black gold? While excessively low prices harm the finances of producing countries, they also accelerate the transition to <a href="https://www.cointribune.com/optimiser-lenergie-comment-le-mining-evolue-t-il/" target="_blank" rel="noopener noreferrer nofollow">cleaner energies.</a></p>

Oil: Tensions within OPEC+ accelerate the price decline

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