SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > WTI crude oil WTI crude oil News > News Detail
WTI crude oil WTI crude oil News
SunSirs: OPEC's Actual Production Reduction will be Lower than the Reduction of Production Quota
October 11 2022 10:41:33SunSirs(Selena)

According to foreign news on October 10, Fitch Ratings said on Monday that the actual oil production of the Organization of Petroleum Exporting Countries (OPEC) and its allies, namely OPEC, will fall below the production reduction quota.

Fitch said the declining economic outlook would lead to a decline in oil demand.

The company expects that OPEC will achieve a broad balance in the oil market by changing production quotas and available crude oil supply.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products