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Taling markets: OPEC+ is underproducing, limiting impact of possible supply cuts

3 min read . Updated: 05 Oct 2022, 06:44 PM IST WILL HORNER, The Wall Street Journal

OPEC delegates have said the group will consider cutting its production targets by anywhere between 500,000 barrels a day and 1.5 million barrels a day

An OPEC+ production cut when the cartel meets later Wednesday is likely to be bigger on paper than in practice, dampening its impact on oil prices, as the group’s longstanding inability to meet its targets means it is already underproducing, oil analysts say.

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