Energy Aspects: OPEC+ Will Not Rush To Act After Oil Price Rout

The OPEC+ group will not be racing to react to this week’s oil price plunge and will wait for financial markets to calm down after the banking sector scare, consultants at Energy Aspects said in a note carried by Bloomberg on Thursday. “It would be premature for OPEC+ to take action without first understanding what the risks are,” Energy Aspects analysts said in the note. The Fed and the European Central Bank (ECB) will need to “address market conditions before OPEC+ makes any moves,” according to the consultancy.…