OPEC+ May Keep Production Quota Unchanged At Next Week’s Meeting ...Middle East

The OPEC+ group will decide at the meeting next week whether they should keep production targets steady, or a small output hike, eight anonymous OPEC+ sources told Reuters on Thursday. OPEC+’s current production cuts that have been in place for years will be fully wound back as of August 2022. After that, OPEC+ members would be free to raise production. But the group is still meeting next week to discuss their course of action even after the production curtailments have been fully rolled back. Two of the OPEC+ sources said that a modest increase…

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