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Investing.com-- The Organization of Petroleum Exporting Countries and allies (OPEC+) said at its recent meeting that it planned to begin scaling back some of its production cuts from later this year- a scenario that Macquarie said presents long-term pressure on oil prices.
The OPEC+ said it will maintain production cuts of 3.6 million barrels per day (bpd) until the end of the year, and 2.2 million bpd of cuts until end-September. The cartel outlined plans to begin scaling back the 2.2 million ...
>>> Read more: OPEC+ decision to scale back cuts âproblematic for 2025â- Macquarie
The OPEC+ said it will maintain production cuts of 3.6 million barrels per day (bpd) until the end of the year, and 2.2 million bpd of cuts until end-September. The cartel outlined plans to begin scaling back the 2.2 million ...
>>> Read more: OPEC+ decision to scale back cuts âproblematic for 2025â- Macquarie
