Opec+ argued it had cut output because of a weaker economic outlook. Photo: Reuters
Opec+ argued it had cut output because of a weaker economic outlook. Photo: Reuters
Energy

Opec+ agrees no change to oil policy, production targets

  • Opec+ maintained its oil policy amid G7 price cap on Russian oil, and a slowing Chinese economy
  • Decision to retain output target comes two days after G7 nations agreed on a US$60 per barrel cap on Russian seaborne crude

Opec+ argued it had cut output because of a weaker economic outlook. Photo: Reuters
Opec+ argued it had cut output because of a weaker economic outlook. Photo: Reuters
READ FULL ARTICLE