Oil slips as Opec+ prepares to ramp up production

Fears of a looming oil glut grow as a rise in global coronavirus cases causes concern for demand

Supply headache: Opec+ is preparing to wind back production cuts despite global Covid-19 cases continuing to rise, sparking concern for demand — Supply headache: Opec+ is preparing to wind back production cuts despite global Covid-19 cases continuing to rise, sparking concern for demandPhoto: AFP/SCANPIX

Reuters

Published 3 August 2020, 04:38Updated 3 August 2020, 04:38

Opec USA Hiroyuki Kikukawa Nissan Securities Saudi Arabia