OPEC+ To Stick To Its Current Oil Production Plans ...Middle East

OILPRICE - Economy

OPEC+ is set to meet on Monday, but delegates from the organization said that it would likely stick to its current production cut plan. Oil prices have sagged over the last couple of weeks, dragged down by the collapse of two US banks. Despite the low prices, OPEC+ has sent clear signals to the market: it is staying the course and will not react to the sudden price crash. Another factor that OPEC+ must weigh in its decision-making is the 450,000 bpd export loss from OPEC member Iraq—OPEC’s second-largest producer, from the Kurdistan…

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Last updated : 30 March 2023 clock 07:09 PM

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OPEC+ To Stick To Its Current Oil Production Plans ...Middle East

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