Article From Offshore Engineer Magazine: OPEC+ to Weigh Modest Output Boost, Sources Say

OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks in the battle against the pandemic.

The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, cut output by a record 9.7 million bpd last year as demand collapsed due to the pandemic. As of February, it is still withholding 7.125 million bpd, about 7% of world demand.

Read more: https://www.oedigital.com/news/485547-opec-to-weigh-modest-output-boost-sources-say?utm_source=AOGDigital-ENews-2021-02-26&utm_medium=email&utm_campaign=OEGDigital-ENews

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