OPEC Considers Suspending Russia From Oil Deal ...Middle East

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OPEC Considers Suspending Russia From Oil Deal
source : OILPRICE ( Middle East ) () 14
Some OPEC members are mulling over the possibility of suspending Russia from the OPEC+ deal that limits the amount of crude oil that each member can produce, the Wall Street Journal reported on Tuesday, citing OPEC delegates. Suspending Russia’s role in the group could allow other members to increase oil production at a quicker pace—although there are only a few OPEC members believed to have the capacity to ramp up production as quickly as the current deal allows. Removing Russia from the group could be more of a long-term move, or…

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