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Oil & Gas Technical Compendium

OPEC+ ministers warn of continued oil demand fragility

As OPEC+ began talks on whether to postpone January’s oil-production increase, ministers sounded cautious about the strength of global demand.Saudi Energy Minister Prince Abdulaziz bin Salman said he could see a light at the end of the tunnel thanks to the development of Covid-19 vaccines, but the market had some way to go before getting there. His counterparts from Algeria and Russia talked about bumps in the road and an uncertain winter, adding to the impression that the group is open to considering a delay.“There has been very good news of possible vaccines against the Covid-19 virus, allowing us to see some glimmer of light at the end of the tunnel,” Prince Abdulaziz said at the opening session of an OPEC+ video conference on Tuesday. “.....

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