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Rich Asplund

BIZARRE: Will opec deepen its crude oil production cuts - You Need To See This

OPEC Oil Angola Nigeria Saudi Arabia

OPEC+ members are meeting virtually today to discuss crude production levels.  Several delegates have said the group is discussing additional output cuts of about 1 million bpd.  

The monthly meeting of OPEC+ was pushed back to today from last Sunday as a rift developed among OPEC+ members regarding crude production levels.  Saudi Arabia, which has unilaterally cut its crude output by 1.0 million bpd since July, is now asking other OPEC+ members to reduce their oil production levels, which has prompted pushback from some African oil producers, including Angola and Nigeria.

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