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OPEC+ Warns of Risk to Oil Recovery as Group Plots Next Move

  • Group shifts to monthly meetings to fine-tune output policy
  • Several countries signaled caution about output hike
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OPEC+ to Decide on February Output
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OPEC warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies meet to consider whether to increase production.

“The outlook for the first half of 2021 is very mixed,” OPEC Secretary-General Mohammad Barkindo said at a preparatory meeting on Sunday. “There are still many downside risks to juggle.”