A MEETING of ministers from Opec states and their oil-producing allies will take place in Abu Dhabi this week. It will probably be a subdued affair. Oil prices remain stubbornly low despite big output cuts by the so-called Opec+ group and geopolitical factors such as the US sanctions on Iran.
The meeting of the Joint Ministerial Monitoring Committee, a body set up by Opec+ to oversee its production-cutting strategy, won’t reset the group’s approach but it might provide some clearer guidance on its goals.
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