Market Alerts

OPEC+ Deal Affirms Group's Continuity

OPEC+ has reached a deal that addresses concerns over production levels and reaffirms the group's cohesion.


ESAI EnergyOPEC+ has reached a deal that addresses concerns over production levels and reaffirms the group's cohesion. Speculation about the future of OPEC+ and alleged tensions between Saudi Arabia and Russia have been put to rest with this agreement.

The UAE remains in the fold taking a new upward revision to its baseline production. Meanwhile, compliance numbers for African producers and the group as a whole will adjust after baseline production levels are adjusted to reflect falling capacity.

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