OPEC +, a broader group that includes countries like Russia, is meeting this week to discuss whether to further mitigate the production cuts that began last May. These supply restrictions and the introduction of vaccines have led to the established global benchmark, Brent oil, rising by approximately 63% since the beginning of November to around $ 63.50 per barrel. However, the rally faded this month amid a new wave of virus cases, which could prompt some OPEC + members to argue that the cartel cannot yet increase production.
.
0 Comments