Oil & Gas

Oil steady after rising on vaccine progress as OPEC+ meets

North Sea crude held ground around USD 41 per barrel after markets took stock of yet another promising Covid-19 vaccine while OPEC+ warms up to the idea of putting off easing output quota caps. 
Photo: AFP/Ritzau Scanpix
Photo: AFP/Ritzau Scanpix
By Elizabeth Low and James Thornhill, Bloomberg News

Futures were little changed following a 3 percent increase on Monday after Moderna Inc. said its vaccine was almost 95 percent effective in a preliminary analysis of a large, late-stage clinical trial. Optimism also grew after an OPEC+ panel said the group, which meets again on Tuesday, should consider holding off on boosting production by three to six months.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Jobs