An OPEC+ panel is likely to recommend keeping the oil producer group's current output policy unchanged when it meets this week, five OPEC+ delegates told Reuters on Monday. Ministers from OPEC+ countries – members of the Organisation of the Petroleum Exporting Countries (OPEC) and others, including Russia – are due to hold a virtual meeting at 1100 GMT on 1 February, Reuters reports. The panel, called the Joint Ministerial Monitoring Committee (JMMC), can call for a full OPEC+ meeting, if warranted. Five OPEC+ sources told Reuter's last week that the JMMC would discuss the economic outlook and the scale of Chinese demand, and was unlikely to suggest tweaks to current policy. One said the rebound in oil prices in 2023 made any […]
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