OPEC president hints at production declines

MOMENTUM is building among oil producers behind the idea of cutting crude production to stabilize the market, with OPEC’s president the latest to back Saudi Arabia’s suggestion that the alliance might pump less . These comments pushed oil prices back over $100 earlier this week.

OPEC president hints at production declines OPEC president hints at production declines OPEC president hints at production declines OPEC president hints at production declines OPEC president hints at production declines

The growing consensus among OPEC members and its Russian-led allies, known as OPEC+, threatens to keep energy prices elevated despite Biden administration efforts to get the members to pump