August 8, 2022

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OPEC+ might skip full ministerial meeting next week

1 min read

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OPEC could just have JMMC monitoring meeting

A report says OPEC+ is discussing downgrading the April 28 scheduled ministerial meeting and only having a JMMC monitoring meeting.

OPEC has already pre-committed to the next few months. They have the option to tweak it but with oil fairly steady and inventories running off, they’re probably happy to watch and see how the market unfolds for now.

WTI is up 11-cents to $63.24 today as it continues to consolidate following last week’s break higher.

OPEC could just have JMMC monitoring meeting

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