OPEC+ report sees short-lived, mild impact from Omicron variant

"The impact of the new Omicron variant is expected to be mild and short-lived, as the world becomes better equipped to manage COVID-19 and its related challenges," the Joint Technical Committee (JTC) report said.(File pic shows a poster at the Opec HQ)

LONDON: OPEC+ expects the impact on the oil market from the Omicron coronavirus variant to be mild and temporary, keeping the door open for a further increase in output, a technical report seen by Reuters showed on Sunday.

"The impact of the new Omicron variant is expected to be mild and short-lived, as the world becomes better equipped to manage COVID-19 and its related challenges," the Joint Technical Committee (JTC) report said.