OPEC+ seen heading for oil policy rollover, cut not ruled out

Quick Summary:

Talks begin on Saturday when OPEC ministers hold a virtual meeting at 1100 GMT.

"It is unlikely [that] there will be any change to the policy," an OPEC+ source said.

"We are asking our customers what they require for next year and the straight answer from all of them is [that] we are not requiring more oil; we are actually demanding about the same, perhaps even less, just because of a fear of recession...although now, we may avoid it," he said at a conference in Rome.

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Article Details

Category: InvestingFinance

Markets: MalaysiaChinaKuwait

Topics: Opec+ Target Meeting Likely Output Friday Current Sources Group Demand Sunday

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-02 @ 17:27:18 (3 months ago)

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Language: English

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