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1/4, 3:19 PM (Source: TeleTrader)
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OPEC+ to maintain output policy in February

The Organization of Petroleum Exporting Countries (OPEC) and its allies announced on Tuesday that they will return 400,000 barrels per day to the global oil market in the month of February.

The alliance, therefore, decided to stick with its plan on gradual output increase first reached in April 2021.

The deadline for compensation over previous overproduction will be extended until June, according to reports. The alliance is scheduled to meet on February 2 to set production levels for March.

Baha Breaking News (BBN) / MS