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OPEC+ Set to Stick With Plan for Steady Quotas, Delegates Say
Key Points
OPEC+ Set to Stick With Plan for Steady Quotas, Delegates Say Major OPEC+ nations are set to stick with plans to keep oil production quotas unchanged in December, two delegates said, as conflict in the Middle East continues to curb swaths of the group’s output. A subgroup of seven countries led by Saudi Arabia and Russia has an agreement in principle to maintain current targets, the delegates said before a video conference on Sunday where the deal is expected to be finalized. It’s in keeping...
OPEC+ Set to Stick With Plan for Steady Quotas, Delegates Say
Major OPEC+ nations are set to stick with plans to keep oil production quotas unchanged in December, two delegates said, as conflict in the Middle East continues to curb swaths of the group’s output.
A subgroup of seven countries led by Saudi Arabia and Russia has an agreement in principle to maintain current targets, the delegates said before a video conference on Sunday where the deal is expected to be finalized. It’s in keeping with a roadmap outlined earlier this year.