What To Expect From Monday’s OPEC+ Meeting ...Middle East

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What To Expect From Monday’s OPEC+ Meeting
source : OILPRICE ( Middle East ) () 45
OPEC+ looks set to stay the course at Monday’s Joint Ministerial Monitoring Committee meeting, with four anonymous delegates telling Reuters the group is unlikely to tinker with its output policy. A fifth source said it was too early to say. The plan on the table remains: raise production by 548,000 barrels per day in August—part of a previously announced unwinding of 2.2 million bpd in voluntary cuts by eight members. At face value, it’s a logical move to regain market share while summer demand props up prices. But before anyone…

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