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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.