1759 GMT - OPEC+ is expected to take a guarded approach to oil production policy due to increasing policy risks under U.S. President Trump, says Amena Bakr, Kpler's head of Middle East Energy and OPEC+ Insights. "It's never a linear equation when we're looking at OPEC+ policies," she says at the Market Insight Forum in London. "Geopolitics is the biggest wildcard, especially with Trump back in office." The group of oil producing countries is seeking to maintain price stability, but also requires prices to fall within a specific range to balance their budgets and achieve fiscal breakeven. Bakr estimates OPEC+ would be comfortable with oil prices in the $75-$80 a barrel range. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 12:59 ET (17:59 GMT)
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