OPEC+ Not Expected To Change Course On Oil Production Cuts ...Middle East

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OPEC+ Not Expected To Change Course On Oil Production Cuts
source : OILPRICE ( Middle East ) () 114
The OPEC+ group is not expected to ease the ongoing production cuts when ministers from a monitoring panel meet on Wednesday to review the state of the market, Bloomberg reported on Tuesday. The Joint Ministerial Monitoring Committee (JMMC) of OPEC+ is meeting on October 4 for a regular discussion of the oil market developments in recent weeks. Delegates from the group have told Bloomberg they do not expect the committee to make any recommendations of a policy change despite the increasingly tight oil market and the creeping fears of demand destruction…

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