Investing.com investing.com 03 Jan, 2021 17:45 am

OPEC ready to adjust oil output increases -Barkindo By Reuters

OPEC ready to adjust oil output increases -Barkindo By Reuters
OPEC ready to adjust oil output increases -Barkindo

5 million bpd from January as part of the 2 million bpd rise but some members have questioned the need for a further increase from February due to spreading coronavirus infections.7 million bpd, then eased cuts to 7.9 million bpd in 2021, or by 5.9 million bpd from 2020, as the global economy is forecast to grow by 4.

Even though development of coronavirus vaccines have injected optimism into the global economy and oil markets, the rise in oil demand would still fail to bring consumption to pre-pandemic levels of around 100 million bpd.25 million bpd rise in 2021 because of the lingering impact of the coronavirus pandemic.

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