Published by ciadmin on February 16, 2023 The oil markets have been seesawing in a spectacular fashion this week. Still trying to overcome the pain of so many financials quitting the game last week, a WSJ report that argued OPEC+ was looking to increase its production target by 500,000 b/d come January 2023 has sent prices dovetailing, only to be halted by Saudi Arabia, the UAE and Kuwait all denying the rumors and insisting that if anything, OPEC+ would be cutting further.