Oil producing group Opec+’s quota cut could have unintended legal consequences, US shipbroker Poten & Partners has warned.
The decision by the Saudi Arabia-led organisation, with Russia as a partner, to reduce output by 2m barrels per day (bpd) from November may focus the Biden administration on new antitrust legislation, the company believes.
Opec+ has insisted the move is not political but purely based on projected supply/demand balances.
