Holding steady: A general view of Equinor’s Johan Sverdrup oilfield platforms in the North Sea, Norway. Oil is holding around current levels after briefly dropping below US$40 a barrel earlier this month with rising infections raising concerns about a sustained recovery in consumption.— Reuters
NEW YORK: Oil was steady near US$41 a barrel in New York before an Opec+ meeting to assess the state of the market as demand comes under pressure once again from a resurgent coronavirus.
The Joint Ministerial Monitoring Committee, which typically reviews compliance to the group’s pledged output cuts, was to meet online yesterday.
Already a subscriber? Log in.
Unlock 30% Savings on Ad-Free Access Now!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
