OPEC+ expects the effect of the Omicron variant of the coronavirus on oil prices to be mild and temporary, Reuters reported, citing a technical report by the group. "The impact of the new Omicron variant is expected to be mild and short-lived, as the world becomes better equipped to manage COVID-19 and its related challenges," the report, by the extended cartel's Joint Technical Committee, said.
"This is in addition to a steady economic outlook in both the advanced and emerging economies." OPEC + is meeting this week to discuss output plans,…OPEC+ Expects Mild Impact From Omicron On Oil Markets
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