Oil Could Rise Further As OPEC Suggests Keeping Output Cuts In Place ...Middle East

Crude oil prices could rise further if OPEC+ stops adding barrels to global supply, which is a possibility after the cartel's next meeting, according to the Kuwaiti oil minister. "The markets are slowing. Since COVID-19 has begun its fourth wave in some areas, we must be careful and reconsider this increase. There may be a halt to the 400,000 (bpd) increase," said Mohammad Abdulatif al-Fares, as quoted by Reuters. OPEC+ had agreed to boost oil production by 400,000 bpd every month beginning August until the group's combined output reached pre-agreement…

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Oil Could Rise Further As OPEC Suggests Keeping Output Cuts In Place ...Middle East

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