11/22/2023, 2:40 PM (Source: TeleTrader)
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OPEC+ moves meeting back to November 30

The Organization of the Petroleum Exporting Countries and its oil-producing partner nations will meet on November 30, the alliance announced on Wednesday.

The group was supposed to hold the Joint Ministerial Monitoring Committee and OPEC and non-OPEC ministerial meetings on November 25 and 26.

Prices of oil futures continued to tumble after the announcement was made, with both West Texas Intermediate and Brent for deliveries in January 2024 falling over 4%.

Baha Breaking News (BBN) / MS