BREAKING NEWS
This content is not available in your region

OPEC 'set to keep pumping oil' despite global glut

Comments
OPEC 'set to keep pumping oil' despite global glut
Text size Aa Aa

OPEC is determined to keep pumping oil despite the financial consequences on the policy’s main architect Saudi Arabia, according to Reuters.

The news agency quotes an official from a major OPEC producer as saying there’ll be no change unless non-OPEC countries help out: a comment taken to mean Russia in particular.

Some members of the Organisation of Petroleum Exporting Countries reportedly fear oil prices may slump further towards $20 (18.9 euros) a barrel.

As the world continues to produce much more oil than it needs, a much-awaited announcement from OPEC is due next week.

Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.