3 Countries Behind The Postponement Of The “OPEC+” Meeting.. Sources Of Leakage Of The List Of Countries, 23 NOV

 3 Countries Behind The Postponement Of The “OPEC+” Meeting.. Sources Of Leakage Of The List Of Countries

Time: 11/23/2023 Read: 871 times  {Economic: Al-Furat News} Informed sources reported that the postponement of the OPEC+ meeting on the production strategy came after a disagreement over the current production levels of some member countries, and the possible cuts associated with them.

According to what the media reported, the meeting was postponed from November 26, 2023, to the 30th, and that the postponement was linked to African countries.

OPEC+ announced after its last meeting last June that the production quotas of Angola, Nigeria and Congo for 2024 are conditional on reviews from external analysts.

For his part, UBS analyst Giovanni Stonovo said: “Uncertainty is not good at all for the markets, as the markets must now wait longer to obtain clarity about what OPEC+ will do next year.”

The analyst added, "Postponing the meeting also shows that there are some different viewpoints among the group's participants."

Yesterday, during afternoon trading, black gold prices fell by about 4%, but contracts reduced their losses in the evening, and Brent closed trading with a decline of 0.6% at $82.65 per barrel, while American crude fell by 0.85% to $77.10 per barrel.  LINK