OPEC+ eye modest supply boost as demand dented by China Covid rules
Vienna (AFP) May 5, 2022
OPEC+ members meeting on Thursday are expected to agree a marginal increase in oil production, bolstered by risks to demand amid coronavirus restrictions in China. Russia's invasion of Ukraine has also added to supply concerns, which have increased with Europe's announced moves on a potential Russian oil embargo. Prices soared on Wednesday, with Brent North Sea crude closing above $110