4 production scenarios! Two heavy news reports from the OPEC meeting that crude oil fell on the cliff
April 07 18:06:26, 2024
According to the latest report, an OPEC representative claimed that OPEC members and non-OPEC oil producers are still discussing four possible options for increasing production. OPEC and non-OPEC oil producers discussed plans to increase production by 1 million barrels per day, 1.5 million barrels per day, and 1.8 million barrels per day. Almost at the same time, Iranian Oil Minister Zangane said he did not think they could reach an agreement on the increase in production. Zangane also said that the OPEC+ Joint Ministerial Supervisory Committee (JMMC) meeting was not going well. Other OPEC+ member states are still in the Joint Ministerial Supervisory Committee (JMMC) meeting; the Joint Ministerial Supervisory Committee (JMMC) meeting has not yet The increase in production figures makes a decision; the Iranian side does not believe that OPEC can reach an agreement. After the news came, Brent crude oil fell nearly 0.8 US dollars to 73.00 US dollars / barrel; WTI crude oil fell more than 0.5 US dollars to 65.45 US dollars / barrel.
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