RE:OPEC + 2 millions cut The announced cuts are voluntary. It is up to each member state to announce their cuts.
This is why oil fell 3% so far after the initial announcement.
I took profits on all CNQ today as it reached my target on the ride up, the rest didn't, so I'm still holding a heavy basket.
Marty47 wrote: Total OPEC+ cuts could approach 2 million bpd, depending on the willingness of the countries to contribute, according to delegates, commodity analyst Giovanni Staunovo reported as the JMMC meeting began.
The figure includes a rollover of the Saudi and Russian cuts of a total of 1.3 million bpd.