Gift OPEC. Who will benefit from the Cartel Cartel Oil Production
OPEC+ countries on Monday, April 3, announced a voluntary reduction in oil production until the end of 2023 by 1.66 million barrels per day. Russia and Saudi Arabia - half a million barrels per day from the middle level as of February will be most strongly reduced. The rest of the countries - and these are the United Arab Emirates, Oman, Kuwait, Iraq, Algeria, Gabon and Kazakhstan - will ensure the reduction of the remaining 660 thousand. This event was an unpleasant surprise for the market.