OPEC, allies agree on another modest oil output hike

OPEC, allies agree on another modest oil output hike

LONDON: OPEC and its allies decided yesterday to maintain their policy of modestly boosting oil output next month as the rapidly spreading Omicron variant has so far not heavily hit demand. The OPEC+ grouping, including top producers Saudi Arabia and Russia, has resisted US pressure for a wider opening of the taps in response to […]

The post OPEC, allies agree on another modest oil output hike appeared first on Kuwait Times.

LONDON: OPEC and its allies decided yesterday to maintain their policy of modestly boosting oil output next month as the rapidly spreading Omicron variant has so far not heavily hit demand. The OPEC+ grouping, including top producers Saudi Arabia and Russia, has resisted US pressure for a wider opening of the taps in response to […]