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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. 

Helen Clark
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.    However the OPEC+ alliance, which includes Russia, made no amendments to the current...

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