Delegate source

An OPEC+ delegate is saying that:

  • OPEC+ may adjust plans if nations oil reserves are released.

The price of oil has been moving lower helped by saber rattling of a coordinated release of petroleum reservers. OPEC+ has been increasing production at at 400K BDP pace to offset the cut in production from Covid.

Now OPEC+ is saying "Don't mess with our plan".

January Crude oil is at $76.26, up 0.40%.