WSJ News Exclusive | OPEC Weighs Shift in Oil Policy After Crude Release


High oil producers Saudi Arabia and Russia are contemplating a transfer to pause their latest efforts to offer the world with extra crude, in response to individuals conversant in these discussions, after Washington and different nations stated they would release a slug of stored oil in an effort to decrease costs.

Riyadh and Moscow have led OPEC and a bunch of different oil-producing nations in coordinating output carefully amid a requirement shock final 12 months attributable to the pandemic. Different members of that cartel, together with the United Arab Emirates, aren’t satisfied a pause is critical, in response to these individuals.



WSJ News Exclusive | OPEC Weighs Shift in Oil Policy After Crude Release Source link WSJ News Exclusive | OPEC Weighs Shift in Oil Policy After Crude Release

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