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“#OPEC, allies reportedly agree to boost oil production” The world’s major oil producers have agreed to boost their output by 500,000 barrels a day in January even as the coronavirus pandemic crimps demand, according to reports. The Organization of Petroleum Exporting Countries and its Russia-led allies — known collectively as OPEC+ — reached the deal…
“#OPEC expected to cut oil production as COVID-19 reduces demand” Members of OPEC are expected to continue to keep oil production levels lower to boost prices after a virtual meeting on Monday, as the coronavirus pandemic has dramatically dampened demand for crude oil worldwide, according to a report. The OPEC nations, led by Saudi Arabia,…