OPEC+ oil output, "lack of clarity around the new agreement" sparks oil market uncertainty ...Middle East

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OPEC+ oil output, lack of clarity around the new agreement sparks oil market uncertainty
source : forex live ( Middle East ) () 29
Adam posted on the uncertainty fuelled in the oil market after the OPEC+ statement:OPEC+ statement says the next meeting will be in June but offers little elseANZ's response summarises how much of the market is viewing the result of the OPEC+ meeting on Thursday:Crude oil jumped on reports that the OPEC+ alliance had agreed to a deeper 1mb/d cut to already lower production levels. However, prices failed to hold those gains amid a lack of clarity around the new agreement. There was no group communique listing the individual changes to quotas. Each country announced its own reductions. Saudi Arabia said it would extend its voluntary 1mb/d cut through the first quarter of 2024. The absence of a

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