With Brent prices within spitting distance of $60/b and Saudi Arabia shouldering an extra load of production cuts, OPEC+ ministers concluded a speedy monitoring committee meeting Feb. 3 with an upbeat assessment of the oil market. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Oil inventories have declined for five straight months, and the continued progress in developing and deploying coronavirus vaccines offers hope for the global economy, the OPEC+ Joint Ministerial Monitoring Committee said in a post-meeting communique, making no recommendations for any changes to the alliance’s production cut accord. “While economic prospects and oil demand would remain uncertain in the coming months, the gradual rollout of vaccines around the world is a positive factor for the […]