OPEC+ Moves Technical Meetings for Time to Review Market Rout By Bloomberg – Investing.com

OPEC+ Moves Technical Meetings for Time to Review Market Rout By Bloomberg – Investing.com

(Bloomberg) -- OPEC+ is moving two technical meetings to later this week after oil’s rout last Friday and to give its committees more time to evaluate the impact of a new strain of the coronavirus.

The Organization of Petroleum Exporting Countries is moving its joint technical committee meeting to Wednesday, instead of the planned date Monday, according to delegates from some member countries. The joint ministerial monitoring committee, which comprises representatives of the broader group, will meet on Thursday instead of on Tuesday.

The OPEC and broader OPEC+ meetings will go ahead as planned on Wednesday and Thursday with ministers set to decide on whether to go ahead with planned output increases.