The Ministerial Committee of the OPEC + system agreed, in its ministerial meeting, moments ago, to abide by the current agreement on the policy and increase production predetermined by 432 thousand barrels per day, starting from next May, in a meeting that did not last more than a quarter of an hour, in which the group agreed on the decision.
Crude prices have been under selling pressure since the Asian session today, Thursday, after reports stated that the United States of America and its President Joe Biden is considering liberating oil quantities from the American strategic reserves of 606 million barrels, amounting to one million barrels per day for a period of six months.
Crude prices are trading down more than 5% less than half an hour before the American markets open, as Brent crude is trading at $107.48 a barrel, while American crude (NYMEX) is trading at $101.88 a barrel.
02/11/2024
ابحاث السوق
شارك المقال على منصات التواصل الإجتماعي
