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OPEC+ resumes debate after talks stumble over February oil output

An internal OPEC document, suggested a 0.5 million bpd cut in February as part of several scenarios considered for 2021

Crude oil
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Two OPEC+ sources said chances of a cut were slim as very few producers supported it

Reuters Moscow | London
OPEC+ resumes debate on Tuesday after talks stumbled over February policy, with Russia leading calls for higher output and others suggesting holding or even cutting production due to new coronavirus lockdowns.

Debate resumes at 1430 GMT after the group, which combines OPEC and other producers including Russia, failed to find a compromise on Monday.

OPEC+ sources told Reuters that Russia and Kazakhstan backed raising production by 0.5 million bpd while Iraq, Nigeria and the United Arab Emirates suggested holding output steady.

An internal OPEC document, seen by Reuters on Tuesday and dated Jan. 4, suggested a 0.5 million bpd cut in February as