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OPEC+ Members Except UAE Support JMMC Proposal: Delegate (BBG)

OIL
  • OPEC+ JMMC PROPOSAL IS FOR HIKE; EXTENSION OF BROADER DEAL (BBG)
  • Chief OPEC Correspondent at Energy Intel Tweets:
  • @Amena__Bakr
    • There appears to be a lot of support for extending the declaration of cooperation beyond April 2022…. But the voting is still ongoing
    • Looks like Mexico is now supporting the idea of a consensus to extend the declaration of cooperation (change of mind )
    • The UAE is sticking to its position NOT to support the extension of the DOC

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