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OPEC+ Meeting: What’s Next for Oil Prices Saudi Arabia also said that it would extend its one million barrels per day voluntary production cut into April, encouraged allied partners to remain “extremely cautious” on production policy, and warned the group against complacency as it seeks to ensure a full oil market recovery. Saudi Arabia remains the core force behind the market management strategy and is by far the most cautious out of all member states. Non-OPEC leader Russia, meanwhile, had indicated that it wanted to push ahead with a supply increase, claiming last month that the mark...

forecasts OPEC+ Meeting: What’s Next for Oil PricesOil prices jumped right after OPEC+ surprisingly decided to keep production essentially unchanged for April during last week’s Thursday meeting. Mar 10, 2021 11:56 AM GMT Saudi Arabia also said that it would extend its one million barrels per day voluntary production cut into April, encouraged allied partners to remain “extremely cautious” on production policy, and warned the group against complacency as it seeks to ensure a full oil market recovery. Saudi Arabia remains the core force behind the market management strategy and is by f...