OPEC+ Faces More Pressure to Change Course as Ministers Meet

  • Market too fragile for more OPEC+ oil, say banks and traders
  • Group meets Monday to take stock amid an accelerating pandemic
WATCH: OPEC+ members meet as a spike in coronavirus cases and rising supply from Libya put pressure on prices.Source: Bloomberg
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When OPEC and its allies met last month, Saudi Arabia’s energy minister dared oil speculators to test his determination to stabilize global markets.

Now that a resurgent pandemic is threatening demand once again, the moment of reckoning is getting closer.