Oil Crashes After OPEC+ To Proceed With Planned 400Kb/d Output Hike | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Oil Crashes After OPEC+ To Proceed With Planned 400Kb/d Output Hike

An earlier trial balloon of a smaller 200k b/d production hike was been popped as Russia moves with a formal proposal for OPEC+ to lift oil output by 400,000 b/d for January, sending oil markets crashing.

Energy Intel's Deputy Bureau Chief & Chief Opec Correspondent Amena Bakr confirms that "All ministers appear to be in agreement with an increment of 400k for Jan (i.e. a rollover of the current policy)" according to sources.

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