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Report: OPEC+ Working on Compromise for 2021 Oil Policy

2020-12-03 15:20:00| OGI

OPEC, Russia and allies, a group known as OPEC+, had previously been expected to extend existing oil cuts of 7.7 million bbl/d, or 8% of global supplies, until at least March.

Tags: policy report working oil

Report: OPEC+ Postpones Oil Output Policy Talks Amid Disagreement

2020-11-30 23:55:00| OGI

After consultations on Nov. 29 failed to reach agreement, sources said Russia suggested a possibility for OPEC+ to start increasing output by 500,000 bbl/d each month from January.

Tags: policy report oil output

Report: OPEC+ Yet to Find Compromise on Oil Policy for 2021

2020-11-29 22:00:00| OGI

OPEC and allies led by Russia have yet to find a consensus on oil output policy for 2021, after an initial round of talks on Nov. 29 and ahead of crucial meetings on Nov. 30 and Dec. 1, four OPEC+ sources told Reuters.

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