Decision time is looming for Opec+ as to whether to stick to the plan to ease supply cuts from 1 January or delay the process. Neither option looks especially palatable.
The global market outlook is shrouded in uncertainty, with the vagaries of the coronavirus pandemic complicating the decision-making process (MEES, 16 October). But with Covid-19 cases once again rising in the West, major economies are being forced to impose tighter lockdowns and the demand outlook is growing increasingly weak. (CONTINUED - 389 WORDS)