The latest OPEC+ meeting produced no surprises, with the group reiterating its decision to keep production at current levels for at least another two months. As always, reports before the OPEC meeting offered contradictory information, with the most notable this time being a WSJ article quoting OPEC delegates as saying the cartel was considering a discussion of a production increase.
Saudi Arabia and others were quick to deny the report, with the Saudi energy minister stating in no uncertain terms that “The current cut of 2 million barrels…OPEC+ Is Playing The Long Game
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