Forget OPEC Production Cuts, It’s Exports That Matter ...Middle East

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Forget OPEC Production Cuts, It’s Exports That Matter
source : OILPRICE ( Middle East ) () 38
Oil prices went on a rollercoaster ride this week ahead of the April OPEC+ meeting to discuss how production control is going and what their next steps would be over the next few months. According to the latest reports, Saudi Arabia has said it may start relaxing its voluntary 1-million-bpd cuts, starting with 250,000 bpd in May and June each, and then easing further. The cartel as a whole will implement a production cut easing of 350,000 bpd in May and June, and another 400,000 bpd in July, according to sources. The figures naturally sparked increased…

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