December 3, 2022

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OPEC+ JMMC proposes to OPEC+ to extend oil supply mgt until end of 2022

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Headlines from OPEC+ JMMC sources

  • OPEC+ JMMC proposes to OPEC+ to extend oil supply management until end of 2022
  • OPEC+ ministerial committee proposes to OPEC+ to raise oil output by 0.4M BPD a month in August-December. This was congruent with early reports

Crude oil
The price of crude oil reach day high price of $76.20 earlier after breaking above the earlier high at $74.42 and squeezing any shorts ahead of the OPEC+ meeting. 




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