US presses OPEC+ not to Cut Oil Production: Source

Share your love

The United States is pressuring OPEC+ countries not to carry out possible production cuts in the united states. petroleum, a source familiar with the matter told Reuters.

Washington is arguing in front of OPEC+ countries that economic fundamentals do not support a production cut, the source explained.

OPEC+, which includes Saudi Arabia and Russia, is working on cuts of more than 1 million barrels a day, sources told Reuters this week. The cuts could spur a recovery in oil prices.

Read Also   European stock markets fall weighed down by bank and energy stocks
Share your love

Leave a Reply

Your email address will not be published. Required fields are marked *