Opec+ Weighs Future Targets Amid Riyadh's Energy Summons

Friday, 31 May 2024, 17:13

In a surprising move, Opec+ is in talks to set new production targets for 2025, sparking discussions among energy ministers summoned to Riyadh. The oil cartel is seeking to address concerns that the current 5.8mn barrel per day cuts may not be sustainable in the long term, providing insights into the future of global oil markets.
LivaRava Finance Meta Image
Opec+ Weighs Future Targets Amid Riyadh's Energy Summons

In-depth Look at Opec+ Decision Making

In a recent development, Riyadh has summoned energy ministers to discuss the future targets set by Opec+. The move indicates a potential shift in the cartel's strategy towards sustainable oil production.

Key Points:

  • Surprising Target: Opec+ weighs implementing a surprise target for 2025.
  • Sustainability Concerns: Reassurance that the current 5.8mn barrels per day cuts are not permanent.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe