Will OPEC+ Cut Production In Early 2023?

The OPEC narrative for 2022 was largely about the realities of supply and demand against the backdrop of a post-pandemic war that sparked sanctions and a European energy crisis with the counterweight of a Chinese covid crisis.  From the Saudi standpoint, OPEC’s move to cut production by 2 million barrels per day in November last year – while highly controversial in Washington – served to stabilize the market. From the U.S. standpoint, it was all about politics, at a time when the Biden administration had been doing everything in its…For Feedback and Comment, write to us on hello@newswire.ae