OPEC Ready To Intervene “For The Benefit Of Oil Markets” ...Middle East

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OPEC Ready To Intervene “For The Benefit Of Oil Markets”
source : OILPRICE ( Middle East ) () 29
OPEC Secretary General Haitham al-Ghais said on Wednesday that the organization is ready to “intervene for the benefit of oil markets”, Saudi-owned Al-Arabiya TV reports, citing Ghais as saying that OPEC is aware, cautious and monitoring economic developments worldwide. In early October, OPEC+ announced plans to reduce oil production by 2 mb/d in November 2022 from the August 2022 required production level, a move that angered President Joe Biden who lambasted the organization for colluding with Russia to keep oil prices high. …

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