India Unhappy With OPEC+ Oil Production Cuts

India, one of the world’s top oil consumers, has slammed OPEC for creating confusion with its latest decisions regarding oil supply, with many importers seeing their expectations of higher volumes disappointed. In December, OPEC+ had agreed to start raising oil production by half a million barrels daily from this month. However, at the January meeting, the partners decided to roll over the current production level instead of adding another half a million bpd in February. This coincided with Saudi Arabia’s unilateral decision to cut…