OPEC … Guessing game – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
OPEC … Guessing game – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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TOMORROW is not far away to know the outcome of OPEC’s meeting in Vienna, as well as the possibility of Russia joining the meeting as a strong partner for creating OPEC+. Everyone is betting on the outcome of the meeting to know if there is going to be an increase in the oil production or if there will be more production cuts or if the status quo will be retained to leave the production level as it is, because last month, voluntary production cuts of 1.5 million barrels were implemented. Oil prices are still in the low 70s level, which is not adding much to the OPEC’s price target of above $80 per barrel.
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