Key Middle East oil producers seen holding fire on megaprojects, despite Opec+ deal

Small Opec+ output increase from January may stabilise oil price in weeks ahead, but producers expected to stay cautious until demand recovers

Oil price: Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman
Oil price: Saudi Arabia's Energy Minister Prince Abdulaziz bin SalmanPhoto: AP/SCANPIX
Published 5 December 2020, 09:24Updated 7 December 2020, 16:52