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Opec, allies set for another modest oil output hike | Money

LONDON, Jan 4 Opec and its allies are expected today to maintain their practice of modestly boosting oil output as the rapidly spreading Omicron variant has so far not heavily hit demand. The Opec+ grouping, including top producers Saudi Arabia and Russia, has resisted pressure to more widely. ....

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Opec postponses technical meetings to evaluate Omicron impact, say sources | Money

LONDON, Nov 29 Opec and its allies have postponed technical meetings to later this week, giving themselves more time to assess the impact of the new Omicron coronavirus variant on oil demand and prices, according to Opec+ sources and documents. Oil prices crashed together with other financial. ....

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