OPEC to meet online on Thursday before OPEC+ talks: Report

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OPEC is set to hold an online meeting on Thursday, Nov. 30, ahead of the OPEC+ meeting later in the day to decide oil production policy, Reuters reported, citing a well-informed source.

 

The virtual meeting will be held at 10:00 AM GMT (1:00 PM KSA), to mull OPEC internal matters rather than production policy.

 

The OPEC+ meeting, which was postponed two days ago, is set to be convened at 4:00 PM KSA on Thursday, according to a draft agenda seen by the news agency.

 

The OPEC+ will meet this month to discuss its oil production policy in 2024, after deciding in June to cut production by 3.66 million barrels per day, or 5% of global daily oil demand, until the end of next year.

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