OPEC+ Cuts Production

... MET. From political perspectives, the OPEC+ decision to cut production is also beneficial. After the February statement of Mr. Novak regarding Russia’s intention to cut oil production, many critics interpreted it as a forced measure. They say the sanctions are doing their job, and Russia can no longer produce enough oil without Western technologies, trying to disguise the actual drop in production as a planned voluntary reduction. Following this logic, other producers also face problems, which is, surely, not true. Furthermore, Russia can present the OPEC+ decision in the information ...