Even group leader Saudi Arabia didn’t hike by as much as permitted by its agreed quota. International crude prices are holding near US$ 106( RM461) a barrel as Opec’s struggle is exacerbated by a de facto embargo on Russian supplies by many refiners following the invasion of Ukraine....
But as the survey indicates, the group may struggle to implement much of the stipulated amount. Opec added just 10, 000 barrels a day in April, compared with a scheduled 274, 000 a day, the survey showed....
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2022-05-05 00:00:00.0