PAJ president expects OPEC+ to delay a plan to boost output in Jan

in #news4 months ago

TOKYO, Nov 20 (Reuters) - The head of the Petroleum Association of Japan (PAJ) said on Friday he expects OPEC and its allies, known as OPEC+, will likely delay a plan to boost output in January and stick to the existing curbs of 7.7 million barrels per day (bpd).

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Tsutomu Sugimori, president of PAJ, also said that Japan’s gasoline demand may fall deeper again in December and January due to the recent resurgence of the COVID-19 infections. (Reporting by Yuka Obayashi; Editing by Muralikumar Anantharaman)