Open Demo Account
Home / Market Update / Commodities / Saudi Arabia And Russia Differ on Oil Strategy Ahead of OPEC+ Meeting

Saudi Arabia And Russia Differ on Oil Strategy Ahead of OPEC+ Meeting

Adel 22 February, 2021 12:13 pm Commodities, Market Update

The Kingdom of Saudi Arabia and Russia have all divided overviews on production strategy ahead of the upcoming OPEC+ meeting. Saudi Arabia sees a preference for keeping production steady, but Russia wants to increase supplies, Bloomberg reported.


OPEC+, which includes members of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, is still cutting a total of 7 million barrels per day after the cuts that began in May 2020 to face the supply glut due to the Corona pandemic.

Tags

Check Also

European Stocks Trade Flat as Markets Eye U.S. CPI, U.K. Spending Review, and China Trade Talks

European stock markets opened Wednesday in narrow ranges as investors absorbed the implications of the …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends