OPEC discusses 3 scenarios for oil production today

The Organization of Petroleum Exporting Countries (OPEC) is discussing with its allies today the production policy and market variables today, Wednesday, according to 3 scenarios related to the recently agreed increase, while the sources suggested that the group would likely keep its oil production policy unchanged, and continue a modest planned increase in its production. The Organization of Petroleum Exporting Countries (OPEC) meets And allies, including Russia, today to discuss a previously agreed increase of 400,000 barrels per day for several months to come. OPEC + sources said that the recent increase in oil prices is temporary, and is mainly driven by the supply disruption in Mexico and the strong storm hitting the US Gulf coast. daily.” Kuwaiti Oil Minister Muhammad Al-Faris said that this week, OPEC + will discuss whether to continue the planned increase, reconsider or stop it, adding that the economies of East Asian countries and China are still affected by Covid-19 and that caution should be exercised.

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