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OPEC+ postpones meeting to decide oil production strategy to Dec. 5, sources say
The OPEC+ oil alliance postponed a meeting to decide the next steps of its crude production strategy to Dec. 5, two delegate sources told CNBC. The sources did not want to be named given the sensitivity of discussions. The coalition, made up of the Organization of the Petroleum Exporting Countries and its allies, was initially scheduled to meet on Dec. 1. They will now confer virtually next week. The OPEC+ coalition is currently operating three sets of separate oil production cuts, in response to an uncertain demand outlook. Under its formal output strategy, member nations are curtailing their combined production to ... (full story)
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- Posted: Nov 28, 2024 8:52am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,265
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