It begins...
Posted: Sun Jun 04, 2023 1:43 pm
"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 agreement, adding that they "will do whatever is necessary" to stabilize the oil market.
https://www.zerohedge.com/energy/opec-discussing-1-million-bpd-output-cut
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 agreement, adding that they "will do whatever is necessary" to stabilize the oil market.
https://www.zerohedge.com/energy/opec-discussing-1-million-bpd-output-cut