Opec+ seen missing ‘friend Trump’, wary of strains under Biden ...Qatar

Key members of Opec are wary that strains in the Opec+ alliance could re-emerge with Joe Biden as US President, sources close to the organisation said, and would miss President Donald Trump who went from criticising the group to helping bring about a record oil output cut. Biden could modify US diplomatic relations with three members of Opec – Saudi Arabia, and sanctioned countries Iran and Venezuela, as well as with key non-Opec producer Russia. Russia is the leader of oil producers allied with Opec, a group known as Opec+. Strict enforcement of US sanctions on Iran and Venezuela has kept millions of barrels of oil per day off the market, and if Biden should relax measures on either in yea

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Last updated : 08 Nov 2020 clock 11:45 PM

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Opec+ seen missing ‘friend Trump’, wary of strains under Biden ...Qatar

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