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OPEC+ set to keep output policy unchanged at panel meeting
An OPEC+ ministerial panel scheduled to meet on Wednesday is unlikely to recommend any changes to policy, allowing the group to start gradually increasing production from December, two sources from told Reuters. 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) at 1200 GMT. The two sources, who declined to be identified, said Wednesday's meeting is unlikely to bring any surprises. One of them said it will reaffirm the need for member countries to comply with their production ... (full story)
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From @PiQSuite|Oct 2, 2024post:
OPEC+ JMMC LIKELY TO CHANGE COMPENSATION PLAN SCHEDULES– SOURCE **OPEC+ JMMC MEETING TO MAKE NO RECOMMENDATION ON OIL OUTPUT POLICY – SOURCE
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- Posted: Oct 2, 2024 8:38am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,705
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