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OPEC+ unlikely to change output policy at Oct 2 panel meeting, sources say
OPEC+ UNLIKELY TO CHANGE OUTPUT POLICY AT OCT. 2 PANEL MEETING, SOURCES SAY - G&M
— RedboxGlobal (@RedboxWire) October 1, 2024
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OPEC+ Unlikely to Change Output Policy at Oct. 2 Panel Meeting
An OPEC+ panel is unlikely this week to recommend any changes to its current deal to reduce production and to start unwinding some cuts from December, despite recent sharp declines in oil prices, five sources from the producer group told Reuters. Top ministers from the Organization of the Petroleum Exporting Countries and allies led by Russia, or OPEC+ as the group is known, will hold an online joint ministerial monitoring committee (JMMC) meeting on Wednesday at 1200 GMT. "Although the oil market situation is a bit complicated, I do not expect a new decision or any change to the OPEC+ agreement in Wednesday's ... (full story)
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- Posted: Oct 1, 2024 9:58am
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