Saudi calls on OPEC+ to be flexible as it weighs oil cut extension

Topics Saudi Arabia | OPEC | Opec oil cuts


By Rania El Gamal, Alex Lawler and Ahmad Ghaddar DUBAI/MOSCOW/LONDON (Reuters) - Saudi Arabia called on fellow OPEC+ members on Tuesday to be flexible in responding to oil market needs as it builds the case for a tighter oil production policy in 2021 to tackle weaker demand amid a new wave of the coronavirus pandemic.

OPEC+, which groups the Organization of the Petroleum Exporting Countries, Russia and others, is considering delaying a plan to boost output by 2 million barrels per day (bpd), or 2% of global demand, in January to support.

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