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OPEC+ discusses holding ministerial meetings on July 10-12: sources

Published 06/18/2019, 07:18 AM
Updated 06/18/2019, 07:20 AM
© Reuters. FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen outside their headquarters in Vienna

LONDON (Reuters) - OPEC and non-OPEC states are discussing holding their ministerial meetings on oil output policy on July 10-12 in Vienna, a date range proposed by Iran, OPEC sources said on Tuesday.

The Organization of the Petroleum Exporting Countries, Russia and other producers have since Jan. 1 implemented a deal to cut oil output by 1.2 million barrels per day. The meeting is to decide whether to extend the pact and whether to adjust it.

The new suggestion is that the Joint Ministerial Monitoring Committee, an advisory panel, meets on July 10, followed by OPEC ministers on July 11 and the combined gathering of OPEC and non-OPEC producers on July 12, the sources said.

Latest comments

All meeting will do is determine what is going to be said for the headlines. It will have nothing to do with actual production. Headlines have been ruling this market.
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