OPEC Won’t Budge on Production Cuts ...Middle East

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OPEC Won’t Budge on Production Cuts
source : OILPRICE ( Middle East ) () 55
OPEC has signaled it would not change its production policy despite calls from the U.S. president to bring more oil to market. “We read the market. We analyze the supply, demand, away from political considerations, purely on technical, sound technical considerations, and we take the decisions that provide stability in the market,” the cartel’s secretary-general Haitham al-Ghais said, as quoted by Reuters. Speaking at the India Energy Week, al-Ghais added “If you look at oil, also last year, oil was probably the least volatile…

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