Opep will seek to reactivate the oil market

The members of the organization, along with other large producers, will hold a meeting on this topic between November 30 and December 1st

This week, the members of the Organization of Petroleum Exporting Countries (OPEC), along with other producers such as Russia, will meet to try to find a way to reactivate this market.

A change in terms of the reduction of production, which has planned to go from 7.7 million barrels per day to 5.8 million in January 2021, could be envisaged.

These decisions, and other weighty ones, will be taken between November 30 and December 1st during the meetings that the members of this organization will carry out.

In this sense, analysts consider this cut in production could face a delay between three and six months.

K. Tovar

Source: Dinero

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