Production

Oil price hits $40 with eyes on Opec+ meeting

Brent posts strong week as investors bet on alliance keeping supplies on tight leash

Screen savers?: With Brent touching $40 per barrel this week, the oil market is waiting on the outcome of an Opec+ video conference to see if an output cut extension deal can help buoy prices further.
Screen savers?: With Brent touching $40 per barrel this week, the oil market is waiting on the outcome of an Opec+ video conference to see if an output cut extension deal can help buoy prices further.Photo: RYTIS DAUKANTAS/UPSTREAM
  • Nassir Shirkhani
Tehran
Published 3 June 2020, 15:58Updated 3 June 2020, 16:16
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