Column: OPEC+ comfortable with rising price trend | Reuters
Rejecting calls from consuming countries for faster output increases, OPEC+ has warned about continuing risks posed by the coronavirus pandemic and a forecast rise in oil inventories next year.
OPEC+ is currently raising its production target by 0.4 million barrels per day (bpd) each month, but has pushed back against calls to increase output faster in response to the surge in prices.
"We don't take things for granted, we still have COVID," Saudi Arabia's energy minister and de facto leader of the OPEC+ group of major oil exporters said in a television interview on Saturday.
"We are not yet out of the woods," he said. "We need to be careful. The crisis is contained but is not necessarily over."
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