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WorldPosted at: Nov 28 2020 10:22AM


OPEC+ may prolong current oil production caps for 2-3 months: Reports

Riyadh, Nov 28 (UNI) The Organisation of the Petroleum Exporting Countries (OPEC) and other oil-producing countries (OPEC+) are likely to prolong the current oil output caps for two or three months, media reported.
The deal has not been reached yet, and some matters related to several countries’ compliance with the agreement could prevent the OPEC+ countries from concluding an agreement during the next week's online negotiations, The Wall Street Journal reported on late Friday.
The recent increase in oil prices may also result in some countries’ wish to produce more oil.
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Tags: #OPEC+ may prolong current oil production caps for 2-3 months: Reports
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