OPEC+ Considers New Production Cuts Amid Middle East Conflict

1 min read
Source: The Wall Street Journal
OPEC+ Considers New Production Cuts Amid Middle East Conflict
Photo: The Wall Street Journal
TL;DR Summary

OPEC and its Russia-led allies are considering new oil production cuts of up to 1 million barrels a day, which could be announced at a virtual meeting on Thursday. Despite tensions in oil markets due to the conflict in the Middle East, the move is expected to raise oil prices.

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