Wednesday, December 29, 2021

Here’s Why OPEC+ Didn’t Respond To U.S. Calls For More Oil — Irina Slav

  • Russia’s Deputy PM and top OPEC+ negotiator Alexander Novak explains in a recent interview why the group decided not to heed the U.S. call for more production
  • Novak: Oil production companies must plan their investments ahead of time in order to secure production growth
  • Novak, like many observers, downplayed the effect of the SPR release….
Oilprice
Here’s Why OPEC+ Didn’t Respond To U.S. Calls For More Oil
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