OPEC Leaning Toward Extending Current Oil Output Parameters By 3 Months - Source

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OPEC Leaning Toward Extending Current Oil Output Parameters by 3 Months - Source

A consensus to extend the oil output cuts by another three months is forming within the Organization of the Petroleum Exporting Countries (OPEC), a source in one of the delegations told Sputnik

MOSCOW (UrduPoint News / Sputnik - 30th November, 2020) A consensus to extend the oil output cuts by another three months is forming within the Organization of the Petroleum Exporting Countries (OPEC), a source in one of the delegations told Sputnik.

However, some countries want to extend compensation cuts as well, which were meant to balance out earlier overproduction.

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Oil