OPEC President Says Group Still Considering Oil-Cuts Extension
- Extending or even deepening curbs is possible: Algeria’s Attar
- OPEC report shows caution even as vaccine propels oil to $45
Photographer: Joe Klamar/AFP/Getty Images
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OPEC and its allies are still considering extending current oil-supply cutbacks into next year, the cartel’s president said, even as news of a virus vaccine sends crude rallying.
“OPEC remains committed to taking appropriate action in a manner that is proactive and effective,” Algerian Energy Minister Abdelmadjid Attar, who this year holds OPEC’s rotating presidency, said at a meeting of the Gas Exporting Countries Forum.