Global Analysis from the European Perspective. Preparing for the world of tomorrow

OPEC+ leaders push to maintain production cuts as oil recovery slows

OPEC+ emphasized the need to stick closely to its planned oil-production cuts to guard against the market recovery being undermined by a resurgence of the coronavirus.

Saudi Energy Minister Prince Abdulaziz bin Salman and his Russian counterpart Alexander Novak hailed the rebound in oil prices and demand, but repeatedly urged their allies in a video conference on Wednesday not to ease off their output curbs. Source Oil World

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