OPEC+ seen heading for oil policy rollover, cut not ruled out – Reuters
OPEC+ seen heading for oil policy rollover, cut not ruled out – Reuters
LONDON/DUBAI, Dec 2 (Reuters) - OPEC+ is likely to stick to its current oil output target when it meets on Sunday, two OPEC+ sources said on Friday, although some say a further output cut is not completely off the table given concern about economic growth and demand.
The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group known as OPEC+, has switched its planned in-person meeting in Vienna on Dec. 4 to a virtual one, which sources in the group say signals the likelihood of it leaving policy unchanged.
"It is unlikely there will be any change to the policy," an OPEC+ source said. Another source made similar remarks, also declining to be identified by name.
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