Oil Majors Face Tough Choices Ahead Of Shareholder Meetings ...Middle East

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Oil Majors Face Tough Choices Ahead Of Shareholder Meetings
source : OILPRICE ( Middle East ) () 38
1. OPEC Lambasts Anti-Oil Sentiment, Warns of Underinvestment- OPEC+ compliance with its collective targets keeps on worsening with the 19 members underperforming by 2.6 million b/d, just as the oil alliance prepares for its June 3-4 meeting. - Meanwhile, OPEC+ production has edged lower to 42 million b/d as production shut-ins in Iraqi Kurdistan, industrial action at Nigerian loading terminals, and slightly lower Russian output weighed on supply. - Simultaneously, OPEC has voiced its dissatisfaction with the IEA’s discouraging investment…

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