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Here’s Why OPEC+ Didn’t Respond To U.S. Calls For More Oil — Irina Slav

Summary:
Russia’s Deputy PM and top OPEC+ negotiator Alexander Novak explains in a recent interview why the group decided not to heed the U.S. call for more productionNovak: Oil production companies must plan their investments ahead of time in order to secure production growthNovak, like many observers, downplayed the effect of the SPR release…. OilpriceHere’s Why OPEC+ Didn’t Respond To U.S. Calls For More OilIrina SlavRelatedZero HedgeLNG Cargoes Enter Europe As British Power Bills To Remain High Until 2023Tyler Durden

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  • Russia’s Deputy PM and top OPEC+ negotiator Alexander Novak explains in a recent interview why the group decided not to heed the U.S. call for more production
  • Novak: Oil production companies must plan their investments ahead of time in order to secure production growth
  • Novak, like many observers, downplayed the effect of the SPR release….
Oilprice
Here’s Why OPEC+ Didn’t Respond To U.S. Calls For More Oil
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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