OPEC-Watchers Expect Group to Delay Supply Boost by Three Months
- All but 2 of 36 surveyed see delay to 1.9 million-barrel hike
- Twenty-seven predict it will be deferred to start of 2Q 2021
This article is for subscribers only.
OPEC and its allies will likely delay a supply increase planned for January by three months, according to a survey of oil analysts, traders and refiners.
The 23-nation coalition led by Saudi Arabia and Russia will probably defer the 1.9 million-barrel hike when they meet next week, according to all but two of 36 respondents to the poll. Twenty-seven predicted a delay until the start of the second quarter.