With new member Brazil, OPEC+ eyes increased market share, prices
Firdevs Yuksel and Sibel Morrow - Anadolu Agency
December 02, 2023
Who was cited:
Cuneyt Kazokoglu, Director of Energy Transition and Energy Economics - FGE
The major oil producers' group of OPEC+ is set to include Brazil, the world's eighth largest oil producer as its 24th member and now hopes to increase its declining market share in its attempts to use production cutbacks for raising prices to lucrative levels.