What To Expect From This Week's OPEC+ Meeting
The market is mostly assuming that OPEC+ will stick with its pre-planned production quota hike of 400,000 bpd
Stay updated with breaking news from Utput Cuts. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The market is mostly assuming that OPEC+ will stick with its pre-planned production quota hike of 400,000 bpd
The OPEC+ group continues to severely underperform in its oil production levels compared to the target in the pact, with February output at more than 1 million barrels per day (bpd) below the collective quota
OPEC left on Tuesday its oil demand growth view unchanged but warned that Russia’s war in Ukraine and the spiraling inflation could this year impact oil consumption growth
The UAE has taken a step back from assurances it would encourage fellow OPEC members to boost their production above their agreed quotas to help rein in runaway oil prices
An S&P Global survey shows that OPEC+ has raised its production by most in 7-months in February