Vienna, Nov 4 (EFE) .- The OPEC + alliance, formed by OPEC, Russia and 10 other allied producing countries, decides this Thursday whether to go ahead or modify its plan to increase joint pumping by 400,000 barrels per day (bd) next month, already agreed last July.
The measure will be sanctioned in a ministerial conference called for 13:00 GMT today, after a session of the internal JMMC committee, chaired by Saudi Arabia and Russia, according to sources from the secretariat of the Organization of Petroleum Exporting Countries (OPEC), located in Vienna .
In July of this year, the group of 23 countries decided to finish gradually returning to the market the 9.7 million barrels per day (mbd) of crude oil that it withdrew in May 2020 in reaction to the historic slump in demand caused by the oil crisis. coronavirus, increasing pumping by 400,000 bd each month.
In the following meetings, held at the beginning of August, September and October, always electronically, the ministers of the alliance limited themselves to confirming the aforementioned plan, despite repeated requests from Washington to approve a greater volume of supplies.
Despite the fact that, amid the sharp rise in energy prices, these pressures have increased, joined by other high-consumption nations such as India and Japan, OPEC + has so far shown no signs of wanting to change its cautious strategy.
On the eve of his conference, crude prices fell more than 3% on Wednesday, dragged down by an increase in crude reserves stored in the United States last week, of 3.3 million barrels, higher than expected.
According to analysts, speculation about the possibility of Washington releasing crude from its strategic reserves to calm prices in the event that OPEC + does not respond to their requests would also have contributed to this reduction.
The price of a barrel of Brent crude ended yesterday at 81.39 dollars, 3.93% less than at the close of the session on Tuesday, while that of intermediate oil from Texas fell 3.5% to 80.86 dollars .
However, the prices of “black gold” resumed the uptrend this morning, amid the expectation that OPEC + will ignore the pressures and go ahead with its plan,
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