Opec+ set to meet amid calls for lower prices as oil hits multi-year highs – The National
- Date: 03-Nov-2021
- Source: The National
- Sector:Oil & Gas
- Country:user-top-picks
Opec+ set to meet amid calls for lower prices as oil hits multi-year highs – The National
Opec+ is set to meet on Thursday amid calls for the alliance of producers to help bring down oil prices that have hit multi-year highs.
The meeting comes at a time when global supplies are constrained while demand is rising as developed economies rebound faster than expected from the coronavirus-induced slowdown.
Opec+ led by Saudi Arabia and Russia may consider raising supply when it convenes for a ministerial session.