OPEC+ producers split over oil output increase -sources | Reuters
OPEC+ oil producers were split on Monday over increasing output from February as some feared a hit from new coronavirus lockdowns while Russia and Kazakhstan said demand recovery justified higher production, five OPEC+ sources said.
OPEC+, which groups OPEC and other producers including Russia, began meeting at around 1500 GMT on Monday.
Two OPEC+ sources told Reuters that in the meeting Russia and Kazakhstan backing raising production while Iraq, Nigeria and the United Arab Emirates suggested holding output steady.
A day earlier OPEC Secretary General Mohammad Barkindo warned OPEC+ experts of downside risks facing the oil market.
No comments:
Post a Comment