OPEC+ working on compromise for 2021 oil policy, sources say ...Middle East

OPEC and Russia have moved closer to a compromise over oil supply policy for 2021 after talks earlier this week failed to yield a decision on how to tackle weak oil demand amid a second coronavirus wave, OPEC+ sources told Reuters. The Organization of the Petroleum Exporting Countries, Russia and their allies, a group known as OPEC+, had been widely expected to extend existing oil cuts of 7.7 million barrels per day (bpd), or 8 percent of global supplies, until at least March.

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