OPEC+ to consider deeper oil output cuts ahead of Russia sanctions and proposed price cap

OPEC+ to consider deeper oil output cuts ahead of Russia sanctions and proposed price cap

  • OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy.
  • The highly anticipated meeting comes ahead of potentially disruptive sanctions on Russian oil, weakening crude demand in China and mounting fears of a recession.

https://www.cnbc.com/2022/12/02/opec-meeting-oil-output-cuts-on-the-table-ahead-of-russia-sanctions.html


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