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Oil rises despite OPEC+ sticking to output hike amid India C

Oil rises despite OPEC+ sticking to output hike amid India COVID surge Reuters | Apr 27, 2021 10:34 PM EDT Pipelines run down the deck of Hin Leong s Pu Tuo San VLCC supertanker in the waters off Jurong Island in Singapore (Photo : REUTERS/Edgar Su/File Photo) Oil prices edged higher on Tuesday as OPEC, Russia and their allies agreed to stick to plans to raise output slightly from May 1, suggesting they don t see a lasting impact on demand from India s coronavirus crisis. OPEC+, as the producer group is known, has also ditched plans to hold a full ministerial meeting on Wednesday, sources said. A technical meeting on Monday had voiced concern about surging COVID-19 cases but kept its oil demand forecast unchanged.

OPEC+ sticks to plan to ease oil output cuts from May 1

OPEC+ sticks to plan to ease oil output cuts from May 1
naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.

OPEC+ Sticks to Plan to Ease Oil Output Cuts

OPEC+ Sticks to Plan to Ease Oil Output Cuts
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