OPEC Group and it’s Allies Meet Today

London, March 4 (AFP/APP): The OPEC group of oil producers and its allies meet Thursday with all eyes on whether powerhouses Russia and Saudi Arabia can agree on output levels following a rebound in demand and prices. While the so-called OPEC+ group is often at loggerheads over how much oil to pump into the market, a sudden plunge in prices triggered by the coronavirus pandemic early last year led members to agree on a dramatic cut in output to underpin prices. Now that vaccination campaigns are underway and demand from China, the world’s largest oil importer, has bounced back to pre-pandemic levels, the … Continue reading OPEC Group and it’s Allies Meet Today