Opec+ to meet for talks on output policy

      Published on Friday, 4 December , 2020      12 Views     

  • Oman Business

The group of the Organisation of the Petroleum Exporting Countries and allies, known as Opec+, will meet over a possible extension of production cuts over the coming months.

The meeting via video call, scheduled to be held later in the day, was postponed from Tuesday and comes as the oil market recovery remains fragile amid the raging COVID-19 pandemic.




Ahead of the upcoming talks,

“Key players in the 23-nation alliance are making diplomatic efforts to resolve a dispute — centred around Saudi Arabia and the United Arab Emirates — over how much crude to pump in the new year,” Bloomberg News reported.



As investors await the group’s key decision on output policy, analysts warn that “if their pact breaks down, prices would sink again,” the report said.

Keywords:
Category Oman Business | 2020/12/04 latest update at 11:00 PM
Source : Times of Oman | Photocredit : Google
13 Views
Comments Add comment



БГ Медия - Медия за Българите в Лондон
Bulgarian Business Club

Related Articles

The editorial staff of Bulgarian Business Club would like to give all of its readers from Bulgaria and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bulgarian Business Club with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter or use our RSS feed channel to always read the most important news about Bulgaria.


Sponsored Publications