OPEC+ agrees to new output target of 40.46 mb/d from 2024
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
Following the conclusion of its June 4 Ministerial meeting, OPEC and its allies (OPEC+) announced in a statement that they have reached a deal, agreeing to a new output target of 40.46 million barrels per day (mb/d) from 2024.
The statement reported that the next OPEC+ meeting will take place on November 26th in Vienna, adding that Russia, Angola and Nigeria to all see significant production target cuts in 2024.
In response, Russia’s Deputy Prime Minister Alexandar Novak said, Russia’s voluntary output cuts remain at 500 b/d, extending voluntary output cuts through 2024.
“OPEC+ agrees to total oil output cuts of 3.66 mb/d.”
“We’re closely watching China’s recovery post-covid.”
“We have the possibility of tweaking our decisions.”
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
