According to participants in the impending “OPEC +” meeting, the coalition countries are considering lowering oil output by more than one million barrels per day in order to stabilise energy markets, according to the “Wall Street Journal” newspaper.
The “OPEC +” group of nations, which consists of both members of the Organization of “OPEC” and other oil-producing nations, will meet in Vienna on March 14 “for the first time since March 2020,” when the Covid-19 epidemic first broke out.
Representatives of the 13 “OPEC” members, led by Saudi Arabia, and their 10 allies, led by Russia, will meet, according to a statement on the organisation, amid rumours that the nations in the group are mulling large production cuts in response to concerns about a worldwide economic downturn.
Markets worry that a worldwide economic downturn will have an impact on demand for black gold globally and cause a disruption in the energy sector.
RT + Prime as a source.
Leaks disclose the anticipated outcome of the alliance meeting prior to the “OPEC +” meeting.
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