According to Bloomberg, citing sources, the Organization of the Petroleum Exporting Countries (OPEC) will discuss the reduction of oil production by two million barrels per day.

And earlier, the American newspaper Financial Times reported, citing sources, that Saudi Arabia, Russia and other producers are ready to announce a significant reduction in oil production at the OPEC + meeting in Vienna, noting that Saudi Arabia seeks to raise oil production, oil prices oil to “piss off the US and help the Russian Federation.”

In early October, Bloomberg reported that the OPEC+ alliance would consider cutting oil production by more than one million barrels per day when it meets in Vienna on Wednesday, delegates from alliance member states said.

She pointed out that “the larger-than-expected contraction (if approved) will reflect the degree of concern that the global economy is rapidly slowing down due to the tight monetary policy pursued by most major central banks, as well as the impact of a strong dollar on prices.” , noting that “delegates noted that a final decision on the size of the cuts would not be made before the ministerial meeting.”