... that many parties to the agreement, for their own internal reasons, cannot produce as much oil as they are permitted as per OPEC+ quotas. By the way, since 2021, Russia has been one of those producers. Yet, it was the states actually fulfilling the quotas that announced the reduction in ... ... Cuts, thousand bpd
Saudi Arabia
500
Iraq
211
UAE
144
Kuwait
128
Kazakhstan
78
Algeria
48
Oman
40
Gabon
8
Total
1,157
Source:
OPEC
One important pattern is worthy of note. Previously, OPEC+ generally cut production quotas proportionally for all parties ...
... worked back then was the quarantine, too) and a package about the conversion (or rather not so much of a conversion) of the OPEC + into an OPEC ++.
Of course, there is a still a long way to go before the names of the members of the Saudi royal dynasty ... ..., energy gurus, of course, actively participated in the survey after the events in Vienna (by the way, nobody pushed the non-Russian experts to talk his way, but they’ve made a couple of revealing comments regarding the true role played by the Saudis)....
... exports to Europe by six times and to India 10 times.”
Lukoil Vice President
Leonid Fedun
observed in an interview with Russian business daily RBK, “There were no real economic reasons for Russia’s participation or nonparticipation in the deal with OPEC. The very idea of abandoning the OPEC+ deal was not discussed by Russian leadership with the top national oil producers, though I know some [Russian] state companies lobbied for this decision.”
He added, “But even those who lobbied for Russia’s departure from the deal couldn’t imagine in their worst nightmares ...
