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Careful Decision Needed Next Week: OPEC President

OIL

OPEC+ must make a careful decision when the JMMC monitoring committee meets next week according to Equatorial Guinea Oil Minister Gabriel Mbaga Obiang Lima.

  • OPEC+ delegates will meet next week on 1 Feb to review crude production levels.
  • Gabriel Obiang is the Minister of Mines and Hydrocarbons of Equatorial Guinea and has taken over as the president of OPEC in 2023.
  • OPEC’s main objective is stability with China demand and Russia sanctions the main market issues.

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