Russia said to continue to favor 500K bpd OPEC+ hike in Feb

Author: Adam Button | Category: News

That's the plan

Russia is said to continue to back an OPEC+ production hike in February even as the new strain of the virus emerges.

This should be no surprise. Even with today's 4% decline in oil prices, they're still $2-3 above where they were at the time of the OPEC decision. The market reaction to this headline has been negligible.

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