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by Bloomberg |Monday, December 21, 2020 OPEC+ has shifted to a monthly schedule of meetings to react more rapidly to market changes and make more gradual production adjustments. (Bloomberg) Russia intends to support a further increase in OPEC+ production at the group’s meeting next month, even as a new strain of the coronavirus raises concerns about demand, said officials familiar with the country’s oil policy. As of now, Moscow believes it makes sense to raise output from the Organization of Petroleum Exporting Countries and its allies by 500,000 barrels a day in February, matching the hike already agreed for January, the officials said, asking not to be named because the information is confidential.

Saudi arabiaAr riyaCity ofUnited kingdomAlexander novakSaudi oilOrganization of petroleum exporting countriesPetroleum exporting countriesMiddle eastDeputy prime minister alexander novakSaudi oil minister abdulazizPrince abdulazizசவுதி அரேபியாஆர் ரியாநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்