Thursday , June 17 2021

Expectations for OPEC's return to oil production in 2019



A major Opec source said on Wednesday that the return of the OPEC coalition and non-OPEC producers could not be ruled out by the slowdown in oil production in 2019 in order to avoid any supply gap that could cause price pressure.

The source said that Russia and Saudi Arabia had initiated bilateral discussions on possible oil cuts in 2019.

The Committee of Ministers of Petroleum Exporting Countries and its allies will meet on Sunday in Abu Dhabi to discuss the market situation and the outlook for 2019.

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