Opec+ seen keeping oil output policy unchanged


Opec March20

LONDON: Opec and its allies are likely to stick to their existing agreement to add 400,000 barrels per day (bpd) of oil to the market in November, three Opec + sources said on Monday, amid consumer pressure for more supply to cool a red hot market.

Ministers from The Organization of the Petroleum Exporting Countries, Russia and their allies, known as Opec+, are due to gather online at 1300 GMT. An Opec+ ministerial panel that monitors market developments, known as JMMC, meets before that.

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Opec , Opec+ , ministerial panel

   

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