OPEC+ Moves to Restore 2.2 million bpd Amid Weak Oil Prices
The decision, confirmed during OPEC+’s latest meeting, signals a shift in strategy amid concerns over weak oil prices and slowing global demand.
The decision, confirmed during OPEC+’s latest meeting, signals a shift in strategy amid concerns over weak oil prices and slowing global demand.
“Expectations of progress in peace negotiations between Russia and Ukraine and a potential easing of U.S. sanctions on Russian oil pressured prices lower.”