OPEC+ unlikely to tweak oil policy in Monday talks – delegates – Reuters
- Date: 30-Mar-2023
- Source: Reuters
- Sector:Oil & Gas
- Country:Saudi Arabia
OPEC+ unlikely to tweak oil policy in Monday talks – delegates – Reuters
LONDON/MOSCOW, March 30 (Reuters) - OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five delegates from the producer group told Reuters, after oil prices recovered following a drop to 15-month lows.
Oil has recovered towards $80 a barrel for Brent crude after falling to near $70 on March 20, as fears ease about a global banking crisis and as a halt in exports from Iraq's Kurdistan region curbs supplies.
OPEC+, which comprises the Organization of the Petroleum Exporting Countries and allies led by Russia, is due to hold a virtual meeting of its ministerial monitoring panel, which includes Russia and Saudi Arabia, on Monday.
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