‘This has led to speculation that Washington may seek to further ramp-up pressure on the group, including via revival of the NOPEC bill’. OPEC+’s latest production cut will further raise tensions between the group and the West, Fitch Solutions Country Risk & Industry Research has warned in a new report sent to Rigzone. “The U.S. in particular has put considerable pressure on the group over the past year to accelerate the return of cut barrels to market and help temper price gains,” analysts at Fitch Solutions stated in the report. “However, OPEC+ has largely resisted this pressure, as per its preference for continued higher prices. This has somewhat frayed relations between the U.S. and its allies in the Middle East and resulted in a ‘tit-for-tat’ approach to energy policy, with the U.S. raising storage releases to offset production cuts by the group,” the analysts added in the report. “The […]