HomeMediaLatest NewsRisks of the OPEC+ deal collapse

Risks of the OPEC+ deal collapse

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting

Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented to RIA Novosti and the Prime news agency on the likely steps of OPEC+ in connection with the new US energy policy.

Alexey Belogoryev is confident that the expected tightening of US sanctions on Iranian oil exports is now much more important for the oil market. It may lead to the loss of about 1 million barrels per day from the market, and if this happens, it will be a favorable factor for other OPEC+ countries.

"Therefore, the best thing OPEC+ can do so far is to wait," he stressed.

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