Higher OPEC+ output unlikely to upset oil market rebalancing

Higher OPEC+ output unlikely to upset oil market rebalancing
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

07.12.2020

MOSCOW (MRC) -- OPEC+ members' decision to slowly ramp up production from next month will be balanced by increased demand as a result of the expected roll-out of coronavirus vaccines, reported Reuters with reference to Goldman Sachs'В statement in a note dated Thursday.The Organization of Petroleum Exporting Countries and Russia agreed on Thursday to ease oil output cuts by 500,000 barrel

Full article at mrcplast.com

Back

news