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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Reuters: A hypothetical “OPEC +” meeting indicates a weak possibility of policy change

rocky
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Reuters: A hypothetical “OPEC +” meeting indicates a weak possibility of policy change Empty Reuters: A hypothetical “OPEC +” meeting indicates a weak possibility of policy change

Post by rocky Wed 30 Nov 2022, 4:54 am

[size=35][size=35]Reuters: A hypothetical “OPEC +” meeting indicates a weak possibility of policy change[/size]
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Economie

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2022-11-30 | 01:21
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Alsumaria News – An
informed source told Reuters today, Wednesday, that the decision of “OPEC +” to hold its meeting on the fourth of December, by default, indicates a weak possibility of changing policy.


The virtual meeting will also focus on the EU's imminent deal to cap the price of Russian oil before the bloc's Dec. 5 deadline for a complete ban on purchases of seaborne Russian crude.






The source explained, "OPEC + prefers to wait at this time and evaluate the outcome of what will happen on Monday."

The Organization of the Petroleum Exporting Countries (OPEC) and allies among them meet[You must be registered and logged in to see this link.], in what is known as (OPEC +), while the imminent European Union ban on Russian crude imports looms, and a ceiling on the price of Russian oil imposed by the Group of Seven, which raises questions about supplies.

In October, OPEC+ agreed to cut production by two million barrels per day, equivalent to 2% of global supply.

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