OPEC+ Treads Wary Path Through China Rebound, Russia Sanctions
- Delegates predict steady output when committee meets on Feb. 1
- Goldman says OPEC+ may unwind supply curbs in second half
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OPEC+ is treading a cautious path on oil policy as it awaits clarity on China’s economic reopening and new sanctions on Moscow.
Industry figures from Goldman Sachs Group Inc. to trading giant Trafigura Group Pte Ltd. anticipate rallying prices as demand rebounds in Asia’s largest economy and a European embargo squeezes Russian supply. But as Saudi Arabia and its partners consider their next move, the signals remain too opaque.