Appears OPEC+ Reluctant to Increase Output FurtherExcerpt:
On Friday, Saudi Arabia’s King Salman bin Abdulaziz addressed the Group of 20 summit in Rome saying his government seeks “balance” in energy markets. Which, of course, is politically correct wording for the Saudis, and OPEC+, will ignore pleas to hike output especially since shale is hardly rushing to boost production and the price of oil will soon hit $90 if not $100, with the benefits flowing through to the bottom line of ever oil exporter.
"The Kingdom will continue its leading role in economic and health upturn and recovery from the global crises, and in finding a balance to achieve security and stability in energy markets,” he said, according to Saudi press agency.
https://www.zerohedge.com/markets/opec-balks-bidens-demands-more-oil-production