OPEC+ oil production cuts shake oil markets

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OPEC+ oil production cuts shake oil markets

Increased volatility, rising prices and strained geopolitical relations. These are some of the side-effects of the latest OPEC+ production cut.

Meanwhile, Platts Market on Close crude assessments fully reflect traders' sharp reaction to the surprise move amid uncertainty in various oil grades.

In this episode of the Platts Oil Markets podcast, S&P Global Commodity Insights editors Rosemary Griffin, Sam Angell and Luke Stuart join Joel Hanley to discuss the immediate impact of the OPEC+ announcement, the decision by Russian sellers to change the way they price barrels, and potential threats to an already fragile global oil supply.

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The 30th Annual Middle East Petroleum & Gas conference (MPGC) will be brought to you by S&P Global Commodity Insights, along with the host, Emirates National Oil Company (ENOC) on 22-23 May 2023 in Dubai, UAE. Registrations are open!

Related Platts price assessments:
PCAAS00 - Dated Brent
PCAAT00 - Dubai Mo01 (NextGen MOC)
AAWVH00 - Urals FOB Primorsk
AAOTH00 - Urals FOB Novo Afra
AAGZS00 - Urals FOB Novo Suez
DWCUA00 - Urals DAP West Coast India
AAEJD00 - Kirkuk FOB Ceyhan

More listening options:
Platts Global Oil Markets Podcasts on SpotifyPlatts Oil Markets Podcasts on Apple PodcastsPlatts Oil Markets Podcasts on Google Podcasts

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  • Crude

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