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Next OPEC+ Ministerial Meeting 4 Jan

OPEC

Following last week's virtual summit, OPEC delegates have said that the next OPEC+ ministerial meeting (including representatives from non-OPEC nations) will take place on Monday 4 January.

  • Comes after a fraught week of meetings in which OPEC+ delegates eventually agreed to a 500k/bbd increase in production in January, from 7.2mn/bbd to 7.7mn/bbd.
  • Ministers due to discuss conditions in the new year and make decisions on any more production changes, with a maximum adjustment of 500k/bbd.

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