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Posts Tagged ‘OPEC+’

The reserve is at its lowest level since 3/16/1984, and is now 46.5% below capacity.

Meanwhile OPEC+ considers further cuts.

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Link to the press release.

To the extent that these numbers are honored and adhered to, attached is the OPEC+ production table (1000’s of BOPD). Note that Russia and Saudi Arabia have identical quotas – 11,004,000 BOPD.

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