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Opec-Plus May Extend Cuts at Current Level (Energy Intel)

OIL

Members of the Opec-plus alliance are currently mulling a proposal to roll over their production cuts at current levels for another three months until Mar. 31 because of weaker than expected demand for oil, Opec delegates say. "There is talk of a three-month extension, but still not all countries have given their feedback," one Opec delegate told Energy Intelligence on Wednesday. Another delegate confirmed that work was already under way to build a consensus ahead of the alliance's next ministerial meeting on Nov. 30 and Dec. 1.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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