SITUATION REPORT

Global: OPEC+ Compromises on Production Increase

Dec 3, 2020 | 19:55 GMT

OPEC+ reached a compromise Dec. 3 by which it agreed to lift production by just 500,000 b/d in January 2021. OPEC+ has also decided to start monthly meetings that could see production adjusted as necessary depending on oil market conditions, but those adjustments are capped at 500,000 b/d as well....

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