“Ouching” Imminent? – Saudis Make Additional 1 Million Bpd Voluntary Production Cut In New OPEC+ Deal

Refinaria da JX Nippon Oil & Energy em Yokohama, Japão 07/02/2017 REUTERS/Kim Kyung-Hoon
Assessment: Higher oil means the US Strategic Petroleum Reserve will remain at 1983 levels… OPEC+ members in Vienna have agreed to extend crude production cuts into 2024. In a statement, the cartel said that it was acting “ to achieve and sustain a stable oil market,” and that it was continuing its recent approach of being “proactive, and pre-emptive.” Additionally, Saudi Arabia committed to an additional voluntary cut of 1 million barrels per day as part of

This content is restricted to site members. If you are an existing user, please log in. New users may register below.

Existing Users Log In

Prove your humanity

New User Registration
*Required field