Forecasters, including OPEC, are predicting a record rise in demand this year as vaccines are rolled out, despite current weakness. (Fie pic - Opec logo at HQ)
LONDON/DUBAI/MOSCOW: OPEC+ oil producers are likely to ease curbs on supply after April given a recovery in prices, OPEC+ sources said, although any increase in output will be modest as producers are wary of fresh setbacks in the battle against the pandemic.
The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, slowed the pace of a planned output increase in January to match weaker-than-expected fuel demand due to continued restrictions on population movement because of the pandemic. Saudi Arabia made additional voluntary cuts to supply for February and March.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
