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Title : OPEC+ Fail To Agree On An Oil Policy For 2021
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OPEC+ Fail To Agree On An Oil Policy For 2021

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FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger/File Photo 

Reuters: OPEC+ yet to find compromise on oil policy for 2021, say sources 

LONDON (Reuters) - OPEC and allies led by Russia have yet to find a consensus on oil output policy for 2021, after an initial round of talks on Sunday and ahead of crucial meetings on Monday and Tuesday, four OPEC+ sources told Reuters. 

OPEC+, a grouping comprising members of the of Organization of the Petroleum Exporting Countries, plus Russia and others, had been due to ease production cuts from January 2021, but a second coronavirus wave has reduced demand for fuel around the world. 

OPEC+ is now considering rolling over existing cuts of 7.7 million barrels per day, or around 8% of global demand, into the first months of 2021, sources have said. 

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 More News On OPEC+ Failing To Agree On An Oil Policy For 2021 

OPEC+ Fails To Agree On Output Hike Ahead Of Big Meeting With UAE, Kazakhstan Opposed -- Zero Hedge 

OPEC+ energy ministers ponder delay to extra oil supply ahead of key meeting -- Arab News 

OPEC Faces Seismic Demand Split as Cartel Plots Next Move -- Bloomberg 

OPEC+ likely to prolong existing oil cuts despite rising prices – media -- RT 

Things are looking up for oil, but Opec can't uncross its fingers just yet -- The Guardian 

OPEC alliance considers delay to its output hike, but faces a U.S. shale industry ‘itching to drill again’ -- CNBC

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