Japan’s Cabinet Secretary General, Hirokazu Matsuno, said country officials plan to closely monitor the possible impact on the Japanese economy of the OPEC+ member states’ decision to cut oil production to maintain stability in the energy market. He announced this during a press conference. DEA News.
“Supply constraints and increased uncertainty could keep oil prices high. “We intend to closely monitor the possible effects of the decision on the Japanese economy,” he said.
Earlier, US Treasury Secretary Janet Yellen said that some members of OPEC decided to cut + oil production.reasons regret”.
In turn, US President Joe Biden aforementionedThat the consequences of OPEC+’s decision to cut oil production are not as bad as some think.
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.