Connect with us


OPEC, Allies Set to Ease Oil Cuts, Anticipating Demand Recovery – The Wall Street Journal

Saudis propose relaxing the group’s curbs by 2 million barrels a day



post featured image

An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns.
Key members of the Organization of the Petroleum Exporting Countries and its Russia-led allies are set to meet via web conference Wednesday to debate the groups current and future production. In April, Saudi Arabia, the worlds largest oil exporter, led a push that saw the 23-producer…

Click here to view the original article.