November 29, 2022

Forex Solution

Learn To Trade Forex

OPEC+ meeting said to still be scheduled to start at 1300 GMT later today

1 min read

No OPEC+ resolution since last week

The UAE remains the sticking point as they want a revision to the baseline output. In other words, they want to be among the ones pumping more i.e. have a greater share of the pie and who wouldn’t when prices are soaring at the moment.

The proposal for the 400k bpd increase in output per month starting from August isn’t likely to be threatened but unless the UAE gets what they want, there won’t be any compromise on that front and that is where we are at now.

Invest in yourself. See our forex education hub.

The meeting later today is said to proceed as per scheduled at 1300 GMT.




Source link

Copyright © All rights reserved. | Newsphere by AF themes.