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PAJ President: Expects to Postpone OPEC+ Plan to Increase Production in January

Adel 20 November, 2020 1:07 pm Forex Market, Market Update

President of Petroleum Association of Japan, Tsutomu Sugimori expected Friday that OPEC and its allies, the group known as OPEC+, will likely delay a plan to increase production in January and stick to existing cuts of 7.7 million barrels per day.

He also said that demand in Japan for gasoline may decline further in December and January due to the recent increase in COVID-19 cases.

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