Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil output by around 1 million barrels per day (bpd), easing 17 months of strict supply curbs amid concerns that a price rally has gone too far, sources familiar with the matter said.
Reuters: OPEC, Russia discuss raising oil output by about one million bpd
A picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on February 6, 2017. The head of energy giant Qatar Petroleum has shrugged off fears that any potential protectionist policies pursued by US President Donald Trump would impact on global oil and gas markets. Saad Al-Kaabi -- who heads state-owned QP, the largest exporter of Liquid Natural Gas and one of the biggest oil companies in the world -- said he expected US policy to remain similar to that exercised under previous presidents. / AFP PHOTO / KARIM JAAFAR
