Are OPEC+ Members Ignoring 2024 Production Cuts?

Oil prices continued their sideways journey, with some bullishness emerging from weak US retail sales swiftly quashed by new escalation in the Middle East, with Israel attacking Rafah and the Houthis expected to retaliate soon. Friday, February 16, 2024 Market whispers are starting to emerge that OPEC+’s 2024 production cuts seem to be ignored by the oil group members, however that is yet to make an impact on Brent, still hovering around the $82 per barrel mark. Congress Votes to Overturn Biden’s LNG Pause. The US House of Representatives…