Setting a new date for the OPEC + Technical Committee meeting

News
Friday, August 14, 2020 - 16:20
Point Trader Group

Reuters reports, citing informed sources in OPEC, stated that it was decided to hold a meeting of the technical committee of OPEC and its allies, known as the OPEC + alliance, to discuss developments in the oil market during the next week, specifically on August 19. No further details were mentioned about this framework.

It is worth noting that earlier news reports stated that the Russian Energy Minister, Alexander Novak, expected that no strong decisions would be issued by OPEC and its allies regarding strengthening the cuts in crude oil production in the market.


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