YGRN - Oil prices in focus as OPEC+ convenes for latest meeting

OPEC and its allies, a group collectively referred to as OPEC+, are unlikely to open the taps today as the world's top oil producers meet for their latest meeting. The program "is working well and there is no need to deviate from it," according to Angola Oil Minister Diamantino Pedro Azevedo, while Kuwait expressed additional sentiment that oil markets were "well-balanced." Policy set back in August saw OPEC+ gradually increase oil production by 400K barrels per day each month, though that format is facing increasing diplomatic pressure. Quote: "I do think that the idea that Russia and Saudi Arabia and other major producers are not going to pump more oil so people can have gasoline to get to and from work, for example, is not, is not, right," President Biden said Sunday at the G20 meeting in Rome. "On the surface, it seems like an irony, but the truth of the

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Oil prices in focus as OPEC+ convenes for latest meeting