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OPEC+ panel warns of virus impact, sees signs of decline in oil overhang

Oil&Gas Materials 17 September 2020 14:46 (UTC +04:00)
An OPEC+ technical panel warned that a rise in coronavirus cases in some countries may curb oil demand despite signs of economic recovery and initial indications of a decline in oil stocks
OPEC+ panel warns of virus impact, sees signs of decline in oil overhang

An OPEC+ technical panel warned that a rise in coronavirus cases in some countries may curb oil demand despite signs of economic recovery and initial indications of a decline in oil stocks, according to an internal document seen by Reuters on Thursday, Trend reports.

Later on Thursday, OPEC and allies, led by Russia, are scheduled to hold an online meeting to discuss compliance with their agreed output cuts and demand trends amid falling oil prices and a faltering economic recovery outlook.

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