Updated Jan 02, 2021 | 10:14 IST
The OPEC+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and a price war between Saudi Arabia and Russia.
New Year OPEC+ meeting to decide production levels (File photo)  |  Photo Credit: Getty
Members of the OPEC group of oil producers and their partners will meet via videoconference on Monday to decide on production levels for February, hoping to turn the corner on a difficult year.
The OPEC+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and a price war between Saudi Arabia and Russia.
Despite a pick up in prices towards the end of last year, the market levels for black gold remain uncertain.