OPEC and Members to Meet Again to Discuss Production Cut Extension

  • Jun 05, 2020 AEST
  • Team Kalkine

OEPC and members would hold another ministerial video conference during the week to find a solution to the production cut uncertainty.

  • Crude oil prices are currently on a standby mode as the 133rd Meeting of the Economic Commission Board lacked any concentrate conclusion.
  • However, OPEC Secretary General- HE Mohammad had assured the market and OPEC+ to take all necessary actions to bring the stability in the oil market.
  • Currently, OPEC awaits further data and analysis to reach a solid conclusion to extend the production cut deadline from June 2020 to the year-end.

 


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