Saudi Arabia’s OPEC and Russia will pump more oil in January despite the rate plunge

Saudi Arabia, Russia, and other driving oil makers have decided to stay with plans to build supply in January regardless of a new plunge in costs driven by fears of another overabundance. OPEC and a group of Russia-led oil makers consented to keep pumping cruder, wagering that repressed demand in a post-lockdown world will offset… Continue reading Saudi Arabia’s OPEC and Russia will pump more oil in January despite the rate plunge