Sunday, September 28, 2025
Exclusive: OPEC+ sees oil cut extension curbing 2021 rise in oil stocks, document shows- oil and gas 360

Exclusive: OPEC+ sees oil cut extension curbing 2021 rise in oil stocks, document shows

Reuters DUBAI/LONDON/MOSCOW – OPEC and its allies see oil inventories declining further in 2021 should producers extend supply curbs for three months or more, a confidential document seen by Reuters shows, supporting the case for a tighter policy on crude output next year. The OPEC+ producer group, for now, is due to raise output by 2 million barrels per day

Saudi calls on OPEC+ to be flexible as it weighs oil cut extension-oil and gas 360

Saudi calls on OPEC+ to be flexible as it weighs oil cut extension

Reuters DUBAI/MOSCOW/LONDON – Saudi Arabia called on fellow OPEC+ members on Tuesday to be flexible in responding to oil market needs as it builds the case for a tighter oil production policy in 2021 to tackle weaker demand amid a new wave of the coronavirus pandemic. OPEC+, which groups the Organization of the Petroleum Exporting Countries, Russia and others, is