US Treasury Secretary Janet Yellen said it was “sad” that some OPEC+ members decided to cut oil production. It has been reported Reuters.
I think the decision of OPEC is sad. “I’m not sure yet what the effect will be on the price,” he said.
According to the minister, a real assessment of OPEC +’s actions will take a long time.
The previous day, John Kirby, Strategic Communications Coordinator of the White House National Security Council in your name OPEC+’s unreasonable decision to reduce oil production.
April 3 OPEC+ Ministerial Monitoring Committee (JMMC) approved It was noted that the current terms of the agreement and an additional cut in the production of a number of alliance countries, including Russia, by the end of 2023 will be 1.66 million barrels per day. Combined, all OPEC+ measures mean a 3.66 million bpd cut in production, representing 3.7% of global demand.