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OPEC+ meeting on oil output ‘rescheduled’ to December 5
The 22-member OPEC+ group was due to decide on its 2025 output policy at a ministerial meeting originally scheduled for Sunday, AFP wrote.
But the Vienna-based Organization of the Petroleum Exporting Countries (OPEC) said in a statement Thursday that the meeting was “rescheduled” to December 5 “as several Ministers will be attending the 45th [Persian] Gulf Summit in Kuwait City.”
An OPEC spokesman told AFP that the December meeting will be held online.
In a bid to boost crude prices, eight OPEC+ members announced earlier this month they were extending supply cuts until the end of December.
The eight nations that have extended production cuts are Saudi Arabia and Russia, as well as Algeria, Iraq, Kazakhstan, Kuwait, Oman and the United Arab Emirates.