Free Trial

OPEC+ Headlines Continue Support for Deeper Cuts

OIL

The JMMC meeting is underway and the OPEC+ group will start its virtual meeting at 15.30pm Vienna time.

  • On upcoming meeting discussions, Chief OPEC correspondent Amena Bakr recently tweeted “The basics idea is that Saudi Arabia extends its voluntary cut of 1 million bpd and then some other members of the opec plus group would offer additional cuts”
  • “Still not clear what the final number will look like” she added.
  • Crude futures facing support on potential cut headlines Thursday.
  • Latest Reuters headline: OPEC+ DISCUSSING DEEPER OUTPUT CUTS FOR Q1 2024, CUTS TO EXCEED 1.3 MLN BPD SAUDI AND RUSSIAN VOLUNTARY CUTS -DELEGATE - [RTRS]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.