The chance of OPEC and its allies agreeing to increase crude output by 1.5 million b/d for April will hinge on a successful rollout of the COVID-19 vaccines and its impact on demand as the group seeks to lower inventories, the UAE’s energy minister said. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Whether the market can absorb an additional 1.5 million b/d of OPEC supply come April will depend on the success of the vaccine rollout, and how that impacts demand recovery,” Suhail al-Mazrouei told the Gulf Intelligence quarterly publication emailed on Feb. 28. “We also need to look beyond balancing supply and demand to inventories that may build up during 2021, and we are still […]