Why OPEC+ Is Considering A Production Cut ...Middle East

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Why OPEC+ Is Considering A Production Cut
source : OILPRICE ( Middle East ) () 42
Last week, rumors began circulating that OPEC+ was considering a production cut amid a substantial decline in oil prices over the last three months. Initially, reports said that the idea about a production cut had come from Russia, and it was for a cut of a million barrels daily in output. Later, the usual unnamed sources from the cartel came, who said OPEC+ was prepared to make an even deeper cut. Some have dismissed the talk about a deep OPEC+ production cut. After all, OPEC alone has been falling short of its own production targets by more than…

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