The world oil market is on the rise thanks to reports that OPEC + countries are increasingly complying with the agreement to reduce production. This opinion was expressed by Rystad Energy analyst Paola Rodriguez Masiu.
“Enthusiasm remains on the market because oil supplies are still under control,” Masiu said.
In addition, Iraq and Kazakhstan at the OPEC + meeting promised to comply with oil restrictions.
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“The key conclusion is that compliance with OPEC + will improve in the coming months,” says PVM strategist Stephen Brennock.