OPEC+ to hold informal online talks on Saturday – source

FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen outside of OPEC’s headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger/File Photo

MOSCOW (Reuters) – OPEC+, a group of leading oil producing countries, will hold informal online talks on Saturday prior to meetings scheduled for next week, a source with the knowledge of the meeting said.

OPEC+ is debating whether to ease oil output cuts from Jan.1, as it previously agreed, or to continue producing at the same rate amid sluggish oil demand and fallout from the pandemic.

Reporting by Vladimir Soldatkin; Editing by Kirsten Donovan

source: reuters.com

Leave a comment

Your email address will not be published. Required fields are marked *