OPEC+ is likely to stick to the current pace of gradually easing oil supply curbs at a meeting on Tuesday, Reuters reported, citing three sources.

 

The Organization of the Petroleum Exporting Countries and allies (OPEC+) decided in April to return 2.1 million barrels per day (bpd) of supply to the market from May to July.

 

The sources do not expect OPEC+ to decide on output policy beyond July, since the outlook for Iranian supply is not clear.

 

Another OPEC meeting is planned for June 24, the report added.

 

OPEC+ experts confirmed earlier forecasts for a sizeable, 6 million bpd jump in oil demand in 2021, as the world recovers from the COVID-19 pandemic.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request