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Not much indication yet that OPEC + will respond to the planned SPR release by the US and its allies

There was talk earlier today that OPEC + may reconsider its position ahead of next week’s meeting, but leading oil journalist Amena Bakr said there had not yet been a word indicating that the bloc planned to “change” its production policy.

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I think we’ll have to see how things go with the SPR release and how many countries are involved, alongside the oil market reaction, before OPEC + plans anything.


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