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Analysis-OPEC+ may stick with deep oil cuts for longer due to weak demand – Oil & Gas 360

Summary by Oil & Gas 360
(Investing)– LONDON – OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members want to pump more, sources and analysts said. The Organization of the Petroleum Exporting Countries and its allies led by Russia, the group known as OPEC+, which pumps around half the world’s oil, has already delayed a plan to
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