OPEC+ seems 'firmly committed' to sticking with plan for gradual output hike, says consulting firm

OPEC+ will be keeping a close watch on Europe's power situation to decide whether to increase oil output in November, said Ellen Wald of Transversal Consulting. If natural gas and coal become scarce, fuel switching may occur and it could drive prices higher and lead to demand destruction.
Tue, Oct 5 20213:52 AM EDT