The oil cartel has made a decision, marking the end of an era.
The OPEC+ approved on Saturday an increase in crude oil production quotas of approximately 188,000 barrels per day from September, effectively ending the voluntary production cut agreed upon in 2023. However, the organization has not yet announced what the market can expect in the last quarter of the year.
The OPEC+ approved on Sunday an increase in oil production quotas of approximately 188,000 barrels per day from September, effectively ending the voluntary production cuts agreed upon in 2023. However, the organization has not yet announced what the market can expect in the last quarter of the year.
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Magyar Péter made an important announcement: there is no need for voluntary consumption reduction.
