investing.com 04 Jan, 2021 03:00 am

Oil prices slip after OPEC warns of downside risks to demand in first-half 2021 By Reuters

Oil prices slip after OPEC warns of downside risks to demand in first-half 2021

9 million barrels per day (bpd) to 95.OPEC and allied producers including Russia, a grouping known as OPEC+, decided at a meeting last month to raise output by 500,000 barrels per day in January, anticipating a boost in demand, and agreed to meet every month to review production.In the United States, crude oil production stayed under pressure from weak prices and tepid demand, down more than 2 million barrels per day (bpd) in October from earlier this year, a government report showed on Jan.9 million bpd this year, the group sees plenty of downside demand risks in the first half of 2021.

OPEC sees oil outlook for first half of 2021 full of downside risks p By Vladimir Soldatkin and Alex Lawler MOSCOW/LONDON (Reuters) - OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary general said on Sunday,.Mohammad Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), said on Sunday that while crude demand is expected to rise by 5.

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