Fitch: “OPEC+’s decision was unexpectedly conservative

Fitch: “OPEC+’s decision was unexpectedly conservative
  • Clock-gray 10:36
  • calendar-gray 05 March 2021

The decision of OPEC+ (initiative to reduce oil production, including OPEC and non-OPEC countries) on continuation of existing quotas for daily crude oil production in April was unexpectedly conservative, Dmitry Marinchenko, director of Fitch's natural resources and raw materials group told RIA Novosti, APA-Economics reports.

According to him, as a result, this decision will cause oil prices to remain around $ 60-70.

Emil Ismayilov

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