OPEC+ expected to open taps more despite price slump

This week the cartel will hold two meetings -- one online on Wednesday with all OPEC+ members to discuss the group's common strategy, and one on Sunday with just the eight member states -- known as the "V8" -- that have made the largest cuts in recent years. At the start of the year, the group said it would reintroduce some of the oil kept under ground, but it has significantly accelerated the pace. For Kazakhstan, the main offender within the group, the increase in recent production is linked to the Tengiz project, whose main operator is the American group Chevron, according to Francis Perrin, a senior research fellow at the Institute for International and Strategic Relations (IRIS).