OPEC+ expects the impact on the oil market from the Omicron coronavirus variant to be mild and temporary, keeping the door open for a further increase in output, a technical report seen by Reuters showed on Sunday.
“The impact of the new Omicron variant is expected to be mild and short-lived, as the world becomes better equipped to manage COVID-19 and its related challenges,” the Joint Technical Committee (JTC) report said.
“This is in addition to a steady economic outlook in both the advanced and emerging economies,” it added.
The Organization of the Petroleum Exporting Countries will meet on Monday at 1300 GMT to discuss the appointment of a new secretary general to succeed Nigeria’s Mohammad Barkindo, according to a letter seen by Reuters.
