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Ministerial Meeting Concludes, 'Current Deal Kept Unchanged': Energy Intel

OPEC

Amena Bakr at Energy Intel tweets on the end of the OPEC ministerial meeting: "The meeting about to end soon. Here is what they decided: To keep the current deal unchanged. Reconfirm the existing commitment of the 10th OPEC and non-OPEC Ministerial in April 2020 amended in June, September, and December 2020, as well as in January and April 2021 to gradually return 2 mb/d to the market, with the pace being determined according to market conditions."

  • Wires also reporting that according to delegates, output post-July was not discussed in the meeting.

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