OPEC and its allies will meet later Jan. 4 to set crude production levels for February, with the spread of new COVID-19 variants potentially giving ministers pause on proposals to increase output. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The coalition, now meeting monthly, is already easing its production quotas by 500,000 b/d for January, hoping that slightly loosening the taps will not upend the fragile oil price recovery fostered by their historic output cuts since spring. But some officials say it may be too early to consider a further tapering of the cuts, as some countries have pushed for, with the emerging virus strains likely to weigh on global oil demand and the full deployment of coronavirus vaccines still […]