![IEA Chief: OPEC+ May Have To Rethink Its Decision To Cut Oil Production](https://cdn.newsserve.net/ONPglobe256.png)
IEA Chief: OPEC+ May Have To Rethink Its Decision To Cut Oil Production
The OPEC+ group may have to “rethink” its decision to slash their collective oil production target by 2 million barrels per day (bpd) from November as it further stokes inflation and worsens the economic outlook for oil-importing developing nations, Fatih Birol, the Executive Director of the International Energy Agency (IEA), told Bloomberg on Wednesday. “The recent decision of OPEC+ to cut the production by 2 million barrels a day was definitely not helpful,” Birol said, commenting on the global economic prospects. …
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