Oil Update: OPEC+ Announces Further Production Cuts
- By Viresh Kanabar
- 4 min read
Summary
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- OPEC+ announced further cuts in oil production of 1.2mn b/d from May until the end of the year.
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- We see limited impact on actual supply as OPEC+ is already underproducing relative to their existing quota.
Summary
-
- OPEC+ announced further cuts in oil production of 1.2mn b/d from May until the end of the year.
-
- We see limited impact on actual supply as OPEC+ is already underproducing relative to their existing quota.
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