(Finance) – Concerns about the low prices of petrolium is pushing members of theOPEC+ to consider delaying the increase in production which was supposed to start next month, the delegates of the producers’ alliance reported, as reported by the Wall Street Journal. Prices have fallen to around $73 a barrel: this is the lowest level in nine months. This price collapse was caused by the weak request and the lack of major geopolitical upheavals.
There production Libyan was briefly halted in recent days due to a dispute over government payments before being quickly restored. Analysts say theSaudi Arabia needs prices at $85 to finance its economic transformation.