menu search

OPEC+ holds production unchanged, as expected

OPEC+ holds production unchanged, as expected

There was no surprise at Sunday's OPEC+ meeting as the group left production quotas unchanged, as was expected. Hints at the decision were dropped to various news services last week so the announcement doesn't come as a surprise, though some had held out hope for a cut.

In October OPEC+ lowered production quotas by 2 million barrels per day and those levels will remain going forward.

Interestingly, OPEC+ didn't schedule its next full meeting until June 4, 2023. At the same time, t... Read More

Posted: Dec 4 2022, 13:21
Author Name: forexlive
Views: 110544

Search within

Pages Search Results: