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After oil prices recovered following a drop to 15-month lows, OPEC+ is likely to stick to its existing deal to cut oil output according to OPEC+ delegates. In November, 2022,  OPEC+ reduced its output target by 2 million barrels per day and plans to maintain the reduction for the rest of 2023.

According to delegates, OPEC+ unlikely to tweak oil policy

After oil prices recovered following a drop to 15-month lows, OPEC+ is likely to stick to its existing deal to cut oil output according to OPEC+ delegates. In November, 2022,  OPEC+ reduced its output target by 2 million barrels per day and plans to maintain the reduction for the rest of 2023.

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