Markets were surprised yesterday by the announcement of the funding alliance OPEC+. Accordingly, the countries of the cartel want to throttle their production volumes. Saudi Arabia alone wants to reduce its production by 500,000 barrels of oil per day. Russia will extend its already reduced subsidy cut, which was due to expire in July, until the end of the year. Overall, around 1 million barrels less crude oil per day should therefore come onto the market. OPEC + has a market share of around 40 percent and therefore considerable influence. The news was particularly surprising because it was announced last week that the production volume should remain constant this year and there was also no announced meeting of the states. The report also ensures on the financial markets that concerns about further increases in interest rates are increased, since higher inflation is also expected in this context. 
