The OPEC+ group is not expected to intervene in the oil market with changes to its production policy, likely keeping the current quotas until the end of 2023, despite the oil price plunge and the financial markets turmoil, three OPEC+ delegates told Reuters on Wednesday. Oil suffered a 10% slide in the past two weeks, triggered by concerns about the health of the U.
S. and European banking sectors and possible wider implications for the global economy. However, OPEC+ is set to stick to the agreement from October 2022 to cut production by…OPEC+ Will Not Change Output Policy Despite The Oil Price Plunge
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