Fake News & Lies and Market Manipulation + PropagandaI don't know if you've seen the lies and propaganda being generated by fake news media sources like Reuters and most of them actually.
( Reductions / Cuts have always been voluntary. OPEC membership is voluntary. )
Very irresponsible of the media to spread half truths & lies. What's their motivation? It must be political.
Here is a snippet from Reuters.com
LONDON/MOSCOW/DUBAI, Nov 30 (Reuters) - OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its current voluntary cut.
Benchmark global oil prices settled down around 2% , in part because the reductions were voluntary and because of investor expectation ahead of the meeting that additional supply cuts might be deeper.