Post Tagged with: "OPEC+ output pact"

Source: Reuters

Novak says Russia backs OPEC+ 500,000 bpd oil output hike from February

Reuters


MOSCOW – Russia expects to support an increase in oil production by the group, known as OPEC+, of another 500,000 barrels per day (bpd) from February at next month’s summit of the leading global oil producers, Russian Deputy Prime …

December 28, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Oil prices rise on optimism around OPEC+ output pact

Reuters


NEW YORK  – Oil prices rose on Monday as signs fuel demand was recovering while OPEC+ members were complying with a production cut deal outweighed fears that new coronavirus infections could further slow the global economy.

U.S. West Texas …