OPEC+ decided to return to the August transaction parameters and reduce prey. In October, oil production in the countries of the agreement will be reduced by 100 thousand barrels per day, writes Reuters.
In August, a representative of Saudi Arabia in OPEC+ stated that the Alliance is ready to reduce oil production if the suctional raw materials from Iran would again bargain on the world market.
In September, the countries increased the production of raw materials by 100 thousand barrels per day. However, today OPEC+ decided to return to August indicators in October. Perhaps this happened due to the revaluation of available capacities.
The next meeting of the partner countries will be held on October 5, 2022. The press release notes that the alliance is ready at any time to discuss other decisions.