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Published 2 years ago

The geopolitical consequences of the OPEC+ agreement

Summary by Middle East Monitor
Amir Hossein Zamani Nia, Iran's OPEC governor, announced when he left a meeting with representatives of the 13 member states of the Organisation of Petroleum Exporting Countries (OPEC) and their ten allies – known as OPEC+ – the decision to reduce oil production by two million barrels per day for November. The initial reactions to the large production cut were hysteria. One American journalist asked the Saudi Minister of Energy, Prince Abdulaziz…

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Middle East MonitorMiddle East Monitor

The geopolitical consequences of the OPEC+ agreement

Amir Hossein Zamani Nia, Iran's OPEC governor, announced when he left a meeting with representatives of the 13 member states of the Organisation of Petroleum Exporting Countries (OPEC) and their ten allies – known as OPEC+ – the decision to reduce oil production by two million barrels per day for November. The initial reactions to the large production cut were hysteria. One American journalist asked the Saudi Minister of Energy, Prince Abdulaziz…

2 years ago·London, United Kingdom
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