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OPEC+ Meet Online and a Day Later

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OPEC+ will hold their June 2 meeting online rather than in person – a day later than originally planned.

  • There has been no official reason for the delay but speculation that Saudi King Salman Bin Abdulaziz’s health issues and the death of Iran President Ebrahim Raisi may have contributed.
  • Moving the meeting online is “the clearest indication of a rollover” of existing quotas, according to Kpler’s Viktor Katona.
  • Previous extensions of the current voluntary output curbs, implemented by eight members of the group, were announced in separate statements by the countries themselves rather than by OPEC+.
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OPEC+ will hold their June 2 meeting online rather than in person – a day later than originally planned.

  • There has been no official reason for the delay but speculation that Saudi King Salman Bin Abdulaziz’s health issues and the death of Iran President Ebrahim Raisi may have contributed.
  • Moving the meeting online is “the clearest indication of a rollover” of existing quotas, according to Kpler’s Viktor Katona.
  • Previous extensions of the current voluntary output curbs, implemented by eight members of the group, were announced in separate statements by the countries themselves rather than by OPEC+.