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OPEC+ Changes Meeting Venue for a Second Time

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OPEC+ is set to change its meeting venue for a second time, with ministers now planning to discuss the policy in-person in Riyadh, according to delegates cited by Bloomberg.

  • The June 2 meeting was previously scheduled as a video conference after abandoning previous plans to convene at its Vienna headquarters.
  • Kazakhstan confirmed May 31 that its energy minister will join the meeting from Riyadh.
  • The shift in plans adds interest to a meeting that had been expected to rollover existing production cuts.
  • OPEC+ countries have been continuing informal talks to finalise the agreement this weekend.
  • Saudi Arabia and its allies are discussing whether to continue to 2.2m b/d of cuts into H2 and even prolong some curbs into 2025, Bloomberg said.
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OPEC+ is set to change its meeting venue for a second time, with ministers now planning to discuss the policy in-person in Riyadh, according to delegates cited by Bloomberg.

  • The June 2 meeting was previously scheduled as a video conference after abandoning previous plans to convene at its Vienna headquarters.
  • Kazakhstan confirmed May 31 that its energy minister will join the meeting from Riyadh.
  • The shift in plans adds interest to a meeting that had been expected to rollover existing production cuts.
  • OPEC+ countries have been continuing informal talks to finalise the agreement this weekend.
  • Saudi Arabia and its allies are discussing whether to continue to 2.2m b/d of cuts into H2 and even prolong some curbs into 2025, Bloomberg said.