OPEC Be cautious about increasing crude oil production September 17th, 7:16
The oil supply facility in Saudi Arabia, one of the world's leading oil producing countries, has become increasingly concerned about the supply of crude oil. He is cautious about increasing production to compensate for the shortage.
OPEC, which is also a member of Saudi Arabia, has continued to reduce production in concert since 2017 with the aim of raising crude oil prices.
With this attack, production in Saudi Arabia, which is about half of the daily crude oil production, has been temporarily stopped, and concerns over supply have increased and international crude oil prices have risen significantly.
Under such circumstances, OPEC Secretary-General Barkind said in an interview with Bloomberg TV in the United States about an emergency meeting in which member countries discussed increasing production to compensate for the production suspension in Saudi Arabia. It ’s not an option. ”
In addition, the energy minister of UAE = United Arab Emirates, who is a member of the country, says that although there is room for increased production, it is still too early to discuss at the emergency meeting.
In this way, OPEC is cautious about increasing production at this point, but the view that recovery of Saudi Arabia's crude oil production capacity will take time has become stronger, and concerns about a decline in supply will intensify in the future. If so, what kind of response is likely to be the focus.