OPEC+ To Cut Crude Prodution Quota In October 06/09/22

The Opec+ coalition has agreed to cut its October crude production target by 100,000 b/d, marking a return to August quotas.   The proposal to cut was endorsed earlier today by the group’s Joint Ministerial Monitoring Committee (JMMC). The decision comes against a backdrop of global recessionary fears and internal group discontent over a perceived disconnect between …