New OPEC Plan Sets Off a Global Race for Spare Capacity

The OPEC+ producers kept their targeted production unchanged for early next year when they met this weekend for their final gathering for the year. While reaffirming the decision was no news for anyone, the 22 OPEC+ group members made a more important decision that will likely influence production levels, upstream investments, and oil prices for years to come. The alliance approved a new mechanism to reassess the maximum sustainable production capacities of all its producers, which will be used as a baseline for the 2027 production quotas. OPEC+…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com