OPEC President: OPEC+ Shouldn’t Hurry To Ease Oil Output Cuts

The OPEC+ group of producers must continue to calibrate the easing of its collective oil production cuts to the still fragile global oil demand in the pandemic, Abdelmajid Attar, the Energy Minister of Algeria, which holds OPEC’s rotating presidency for 2020, told Bloomberg in an interview. “Despite the positive signs and a significant improvement in oil prices, I think we should be very cautious,” Attar told Bloomberg. Earlier this month, the OPEC+ group managed to avoid a no-deal outcome at its meetings, which went on for days…