11/29/2020, 8:02 PM (Source: TeleTrader)
more TeleTrader news

OPEC+ JMMC fails to agree output cut level

The meeting of the OPEC+ Joint Ministerial Monitoring Committee (JMMC) ended on Sunday without a consensus on the level of oil output cuts in 2021.

According to media reports, Kazakhstan is against extending the current output cuts into 2021, while the United Arab Emirates (UAE) is yet to make a decision on what policy to support. Other reports stated that some countries

The OPEC ministerial-level meeting will take place tomorrow. According to earlier reports, the cartel and its allies are leaning towards extending production cuts by another two or three months, but an agreement is yet to be reached.

Breaking the News / NP