Home » watch! OPEC Plus meeting on Oct 5 to cut production by 1 million barrels

watch! OPEC Plus meeting on Oct 5 to cut production by 1 million barrels

by archyde

reporter report Citing an OPEC source told Reuters that oil exporting countries and their allies; or OPEC Plus will hold a face-to-face meeting of the members’ delegates on Wednesday, October 5, in Vienna. Austria

However OPEC Plus An online meeting will also be held for some Member States representatives who are unable to attend the meeting in person. Due to OPEC’s stern announcement for a face-to-face meeting

The meeting comes amid a drop in oil prices from a multi-year high that was tested in March. and market conditions fluctuate heavily

while a source told Reuters that OPEC Plus Group which includes Russia It will hold talks focused on the outlook for oil production cuts by 500,000 barrels to 1 million barrels per day to support the oil market.

Earlier this week, a source close to Russia said. Russia may offer OPEC Plus to cut oil production by up to 1 million barrels per day.

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