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US expects OPEC + to continue easing cuts

Amena Baker tweeting.

He reports that OPEC + would not continue with its 400K production increases.

In response to the Covid pandemic, OPEC plus reduced production by 10 million barrels per day. This reduction has been reduced, but production is still 3.7 million lower than before Covid. The United States expects the process to continue, but there may be some setback. Additionally, as Eamonn posted yesterday, OPEC + countries are struggling to meet agreed production increases (see post here).

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