Energy Monitor

Abn Amro
By March 13, 2020 07:44

Energy Monitor

OPEC and partners failed to reach a new production cut agreement Russia refused to join the OPEC meeting on reaching an agreement for a bigger production cut. As a result, the current production cut agreement (officially -1.7 mb/d + 0.4 mb/d voluntarily by Saudi Arabia) will continue until the end of March. From 1 April all oil producers are allowed to produce as much as they like, although OPEC’s Chairman Barkindo indicated that there will be more informal meetings to follow in the coming days and weeks to find a solution before the end of the month.

Abn Amro
By March 13, 2020 07:44

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