A senior official at the International Energy Agency on Tuesday said that OPEC is unlikely to reach any agreement that would change the current production cut deal until such a time when the market situation becomes more obvious, according to Reuters. OPEC’s current agreement between its members and allies, known together as OPEC+, is to cut 1.2 million bpd off its combined production per day. Iraq’s oil minister had a more bullish view earlier this week, stating that the oil cartel would consider at the upcoming meeting the possibility…
