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Asharq Al-Awsat
Asharq Al-Awsat
Business
London - Asharq Al-Awsat

OPEC+ Unlikely to Tweak Oil Policy in Monday Talks

Trucks wait outside the Guwahati Refinery operated by Indian Oil Corporation, in Guwahati on March 30, 2023. (Photo by Biju BORO / AFP)

OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five delegates from the producer group told Reuters, after oil prices recovered following a drop to 15-month lows.

Oil has recovered towards $80 a barrel for Brent crude after falling to near $70 on March 20, as fears ease about a global banking crisis and as a halt in exports from Iraq's Kurdistan region curbs supplies.

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