Why does OPEC+ often clash over oil production capacity? | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
OPEC+ is working to agree oil
production capacity for its member countries by the end of 2024,
an issue that has created tensions in the past because each
nation s output target is calculated from its.
OPEC+ members aim to resolve oil production capacity issues by the end of 2024, seeking higher quotas due to revenue dependency. Disputes arise from differing capacities; independent assessments from three consultancies will be used to establish fair quotas. Countries like Saudi Arabia and UAE push for capacity recognition, while others face investment constraints.
Russia's ESPO sea-borne oil exports hit record-high in May, Kommersant reports | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Putin warns West not to let Ukraine use its missiles to hit Russia swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.