Opep + firm commitment against market decline

The Organization of Petroleum Exporting Countries (OPEC), Together with allies like Russia, coalition called OPEC +, are committed With the maintenance of the oil market. Recently, OPEC + approved a Document reinforcing this Agreement for future cooperation and administration of Long-term offer. The next group meeting is scheduled for the start of December, on days 5 and 6.

The International Energy Agency (IEA), The U.S. Energy Information Administration and OPEC project increase of global stocks in the first half of 2020, and there are only two forms of To avoid this growth: greater demand or lower supply. The Secretary-General Of the organization, Mohammad Barkindo, declared at the Oil & Money Conference That countries will do whatever it takes to avoid another retraction in the scenario Oil.

Until then, it is known that the U.S.-China trade war has Global economy and Oil Search. Thus, a trade agreement between The two countries at war would be ideal for boosting the global economy and, By extension, the demand for oil.

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