Reply To: OPEC Monthly Oil Market Report February 2022


OPEC+ agrees to increase March oil production at 400,000 BPD

OPEC+ has agreed to increase oil output by 400,000 BPD from March. That is as expected.
No objections from any member states in keeping policy unchanged. 400k increment in March
The JMMC noted that global economic growth is steady in 2022 and expected to remain above trend, despite some moderating signs in major economies.
The JMMC commended Equatorial Guinea for completing its compensation volumes
The next opec plus meeting will be held either on the 23rd or 24 Feb