International Trading of Polymers and Petrochemicals

OPEC+ countries did not hold emergency meeting on the oil market situation

As of Monday morning, OPEC+ ministers had not held separate consultations on the increased volatility in the oil market. At the same time, the OPEC secretariat has intensified monitoring of the situation.

Volatility in the oil market has increased sharply in recent weeks due to geopolitical tensions amid the conflict in Ukraine. On February 24, the price of crude oil exceeded $ 100 per barrel. Then the price adjusted and as of February 28 is about $ 99 per barrel.

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