Oil prices rise as OPEC+ seeks compromise on output cut extension ...Kuwait

The New Arab - News

Producers, including Saudi Arabia and Russia, disagree on whether to extend oil production cuts into next year. Oil prices rose on Thursday as the Organisation of the Petroleum Exporting Countries (OPEC), Russia and other oil producing countries resumed discussions on their policies for next year.Brent Crude rose by 21 cents, or 0.4 percent, Reuters reported, as producers, including Saudi Arabia and Russia, disagreed on whether to extend oil production cuts.The OPEC+ group, which combines member states of the cartel and ten other oil-producing nations, will seek to find a compromise on how best to deal with weak oil demand amid new outbreaks of coronavirus, Reuters reported.The group was e

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Oil prices rise as OPEC+ seeks compromise on output cut extension ...Kuwait

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