VOICED : OPEP+ mantiene niveles de producción de petróleo en un contexto inestable

OPEPMAS, led by Saudi Arabia, will maintain its oil production levels despite upcoming sanctions on Russian oil. The group decided to continue with a reduction of two million barrels per day until the end of 2023 to stabilize prices. This decision was initially opposed by the U.S., which aimed to lower fuel prices. Since the Ukraine invasion, global oil prices have decreased significantly. Russia is upset with the EU, G7, and Australia's decision to cap its oil prices, threatening to halt deliveries to compliant countries. An embargo on Russian oil to the EU is also set to begin. China's easing of COVID-19 restrictions, as a major oil importer, influences OPEPMAS's decisions. The organization is open to meeting before its next scheduled session in June 2023 if necessary.

What new insight or understanding did you gain from this video?