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Russia & OPEC agree to cooperate on crude supply
5 monthes ago | By RT
OPEC and its oil-producing allies led by Russia decided on Thursday to stick to their existing policy of hiking output by 400,000 barrels per day in January despite Omicron concerns and a US release from crude reserves.
The group, however, said in a statement that “the meeting remains in session,” which means they can “make immediate adjustments” if the current market conditions shift.
Sources told Reuters the alliance considered a range of options in talks on Thursday, including pausing their January hike or increasing output by less than the monthly plan.
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OPEC+ sticks to modest boost in oil output despite omicron
5 monthes ago | By Star Tribune
OPEC and allied oil-producing countries decided Thursday to maintain the amount of oil they pump to the world even as the new omicron variant casts a shadow of uncertainty over the global economic recovery from the coronavirus pandemic.
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