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OIL: JMMC Unlikely to Throw Any Surprises

OIL
BulletEnergy BulletsCommodities

OPEC+ joint ministerial monitoring committee meets on Wednesday but is unlikely to throw any surprises according to Reuters sources.

  • The JMMC meeting is at 1200 GMT.
  • OPEC+ plans a 180,000 bpd increase in December, as part of a gradual unwinding of its most recent voluntary cuts.
  • The meeting is likely to focus on Kazakhstan and Iraq compliance. The markets are poised for Saudi to abandon its efforts to hold up prices if member states fail to hold their end of the bargain.
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OPEC+ joint ministerial monitoring committee meets on Wednesday but is unlikely to throw any surprises according to Reuters sources.

  • The JMMC meeting is at 1200 GMT.
  • OPEC+ plans a 180,000 bpd increase in December, as part of a gradual unwinding of its most recent voluntary cuts.
  • The meeting is likely to focus on Kazakhstan and Iraq compliance. The markets are poised for Saudi to abandon its efforts to hold up prices if member states fail to hold their end of the bargain.