OPEC+ Panel Suggests Delaying Output Hike by Three to Six Months
- JTC sees market risks skewed to downside as infections climb
- Ministerial committee chaired by Saudi, Russia to meet Tuesday
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The OPEC+ oil alliance should consider delaying its planned output boost by between three and six months, a technical panel that advises ministers suggested.
The coalition -- led by Saudi Arabia and Russia -- is scheduled to increase crude production by almost 2 million barrels a day in January, having initially anticipated that a global economic recovery would rekindle fuel demand.