OPEC+ held its 33rd ministerial meeting yesterday (5/10/2022) in Vienna.
The meeting resulted in a long-term agreement for the next phase of cartel policy to replace the expired 2020 production agreement.
Russia’s presence in OPEC+ was at the center of the organization’s decision.
Tactical Report has prepared a 318-word (1 page) report to shed more light on what are the main reasons that prompted OPEC+’s decision.