Energy

OPEC+ meeting in focus amid concerns over Iranian oil supply

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The Headquarters of the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna, Austria on 17 December, 2018.

Beata Zawrzel | NurPhoto | Getty Images

LONDON — A group of some of the world’s most powerful oil producers will likely agree to continue increasing their output at a meeting on Tuesday, analysts say, as oil prices climb amid growing optimism over fuel demand.

OPEC and its non-OPEC partners will meet via videoconference to discuss the next phase of production policy.

The Middle East-dominated group, which is responsible for over one-third of global oil production, is seeking to balance an expected upswing in demand with the potential for an increase in Iranian…



Source cnbc.com

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