All articles tagged with #meeting delay
OPEC+ has postponed its online meeting originally scheduled for December 1 to December 5, as several ministers will be attending the Gulf Cooperation Council meeting in Kuwait. The group is set to discuss whether to delay an increase in oil production.
OPEC+ is currently engaged in talks regarding their 2024 oil policy, and there is currently no expected delay to the scheduled meeting on Thursday, according to sources. The meeting was previously delayed due to a disagreement over output quotas for African producers, but this issue has largely been resolved. The talks come as global benchmark Brent crude oil prices have dropped, influenced by concerns about weaker economic growth and expectations of a supply surplus in 2024. OPEC+ has already committed to significant oil output cuts, including voluntary cuts by Saudi Arabia and export cuts by Russia.