OPEC+ not in talks on pausing oil output rises -sources | Reuters
OPEC+ is not currently discussing pausing oil output increases despite the United States and others releasing stocks, three OPEC+ sources told Reuters.
The United States and several other nations agreed to release stocks after failing to convince OPEC to pump more oil as U.S gasoline prices soared adding to pressures on President Joe Biden amid high inflation and low approval ratings. read more
OPEC has argued the world will soon face a new glut despite oil prices climbing toward their peaks since 2014 above $85 per barrel.
The Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, meet next week to discuss oil demand and supply dynamics.
No comments:
Post a Comment