Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Kirby: OPEC+ Oil Production Cuts 'Illogical'


Tue 04 Apr 2023 | 01:19 PM
John Kirby
John Kirby
Nada Mustafa

The United States (US) criticized the decision of the "OPEC +" organization to reduce oil production by more than two and a half million barrels per day, starting next May.

In press remarks, U.S. National Security Council Coordinator for Strategic Communications John Kirby said that the sudden cuts announced by the “OPEC +” organization are illogical at this time.

For its part, the International Energy Agency warned that OPEC + cuts raise the risk of exacerbating market turmoil and raising oil prices, amid inflationary pressures.