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OPEC+ will seek oil market stability in 2024

Vienna, Jan 3 (Prensa Latina) The Organization of Petroleum Producing Countries today assured the bloc and its allies, members of the OPEC+ alliance, will work in 2024 for market stability in favor of the global economy.

After consultation with the group’s member states, the OPEC Secretariat announced this Wednesday the decision to maintain the full commitment to unity and cohesion, set out in the Declaration of Cooperation, signed on December 10, 2016 and supported in subsequent meetings.

OPEC+ will continue its “unwavering efforts” to maintain the stability of the oil market, knowing that such efforts constituted clear support in facing the numerous economic challenges over recent years, including the Covid-19 pandemic, it says.

According to the agency, “unprecedented levels of cooperation, dialogue, mutual respect and trust” will continue to be the basis for continued collaborative efforts, “for the benefit of all producers, consumers and investors, as well as the global economy in general.” general”.

According to official data, OPEC oil registered an average price of $82.75 per barrel in 2023, 17 percent lower than that calculated for 2022.

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