Oil price rises as OPEC+ urges flexibility in midst of pandemic uncertainty 

OIL prices have moved up again after OPEC leader Saudi Arabia vowed to get tougher on non-adherence to production cuts by errant members, such as the UAE which had earlier said it increased production as a result of domestic power demand in an online meeting held overnight Thursday. 

Oil price rises as OPEC+ urges flexibility in midst of pandemic uncertainty  Oil price rises as OPEC+ urges flexibility in midst of pandemic uncertainty  Oil price rises as OPEC+ urges flexibility in midst of pandemic uncertainty  Oil price rises as OPEC+ urges flexibility in midst of pandemic uncertainty  Oil price rises as OPEC+ urges flexibility in midst of pandemic uncertainty 
Cuts of 9.7 million barrels of oil per day were agreed to in May, with this to ease to 7.7MMbopd months after.

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