Opp+ members have announced that they will not go beyond the production cuts already announced. The markets reacted to this announcement. Oil prices moved away from $100 on Wednesday, falling more than 3% to below $88, confirming the trend of recent

OPEC+ praised “Saudi Arabia's efforts”, which has reduced production by 1 million barrels per day since July to raise prices. The inter-ministerial committee of alliance members recommended keeping the quotas unchanged, while reaffirming its commitments and saying it was “ready to take additional measures”, depending on market conditions. In recent days, Brent has fallen, losing 7% in a week, while the American equivalent, WTI, fell

Russian Deputy Prime Minister Alexander Novak indicated after the meeting of Opep+ members that a “market analysis will be conducted next month to decide whether to increase cutting or increase oil production.”