4/27, 4:16 PM (Source: TeleTrader)
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OPEC recommends no changes to output cut deal - reports

The 29th Joint Ministerial Monitoring Committee (JMMC) meeting between the Organization of the Petroleum Exporting Countries (OPEC) and its partners (OPEC+) ended in a recommendation to keep the current oil production cut deal in place, media reported on Tuesday.

The next OPEC+ meeting will be held on 28 May, according to Energy Intelligence's sources, while the TASS news agency reported that the meeting will take place in early June.

In early April, the OPEC+ cartel agreed to gradually raise production in May, June and July.

Breaking the News / MS