SA to cut 500kbpd more than they are required to...SA knows how to play the game. They are taking opportunity of slowing growth to further cut production. In march they plan to produce only 9.8Mbpd thats 500kbpd more than they need to cut. Effectively putting OPEC+ well beyond 150% compliance if Russia gets closer to their quota.
Growth can slow but really how much can it slow. World population is growing exponentially and these people need to commute to/from school and work. If there is a recession, EVs and higher price vehicles will be the first to suffer. People will buy $500 beaters that are gas guzzlers.