Algerian Oil Minister: OPEC+ countries to hold talks on January 4

Dhwani Mehta FXStreet

The OPEC and its allies (OPEC+) countries will meet on January 4 to study the market after their latest decision on the oil output policy for 20211, Algerian Energy Minister Abdelmadjid Attar said on Sunday.

At its last meeting held early December, the alliance decided to limit production rises to 500,000 barrels per day starting next year,

His comments came after the conclusion of a virtual meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC).

WTI steadies below $47

WTI holds steady below $47, defending minor bids amid Brexit and US stimulus optimism. At the press time, the black gold trades at $46.66, up 0.20% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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