OPEC Primes the Pumps While the World Tries to Curb Emissions at COP26
OPEC Primes the Pumps While the World Tries to Curb Emissions at COP26
OPEC members and other oil-producing nations will hold talks on Thursday about potential increases in supply.
The virtual meeting of the countries known collectively as OPEC+ comes as the COP26 conference on climate change continues in Glasgow and as other governments pressure the group to produce more oil.
It's not yet clear what decisions OPEC+ will make, but it appears likely the coalition will stick to a plan to increase oil production by a modest 400,000 barrels a day each month, which has been in place since August.
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