OPEC+: Russia at the heart of the Organization’s production cuts?

6 October 2022

IntelligenceNote

Summary

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.

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