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OPEC + considers reducing oil production by more than one million barrels per day
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Economy News-Baghdad
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Added 02/10/2022 - 12:41 PM
Update 02/10/2022 - 12:46 PM
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Economy News-Baghdad
Sources in OPEC told "Reuters", today, Sunday, that the OPEC + bloc will discuss reducing oil production by more than one million barrels per day when it meets on the fifth of October.
This number is slightly higher than the cut estimates that were presented last week, which ranged between 500,000 and one million barrels per day.
A source in the Organization of the Petroleum Exporting Countries (OPEC) said that the OPEC + group will hold a meeting on the fifth of October in Vienna with personal attendance, for the first time since March 2020.
The option to participate online will be available for some delegations who may not be able to travel to attend the meeting due to the short time available.
OPEC +, which includes OPEC and independent oil producers, including Russia, meets against the backdrop of the decline in oil prices after reaching their highest level in years in March, and sharp market volatility.
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Added 02/10/2022 - 12:41 PM
Update 02/10/2022 - 12:46 PM
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