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OPEC+ heads for largely technical meeting next week – Russia, sources | Hellenic Shipping News Worldwide

OPEC+ heads for largely technical meeting next week – Russia, sources OPEC+ is heading for a largely technical meeting next week where major changes to policy are unlikely, Russian Deputy Prime Minister and OPEC+ sources said. Alexander Novak said on Wednesday the group may confirm or tweak output plans following its decision to ease production curbs. “We met a month ago, we discussed our action plan for the (next) three months. So, if nothing extraordinary happens, our task will be to confirm these plans and to tweak the new ones,” Novak told reporters. The Organization of the Petroleum Exporting Countries and allies led by Russia, a producer group known as OPEC+, surprised the market at their April 1 meeting by agreeing to gradually ease their record cuts.

Oil prices drop on U S crude build, COVID-19 surge in India

Oil prices drop on U S crude build, COVID-19 surge in India
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