OPEC+ is not expected to announce a change in oil production policy at the in-person meeting this weekend, OPEC+ delegates told CNBC ahead of the much-anticipated gathering. It is unlikely that the OPEC+ group led by Saudi Arabia and Russia will agree on deeper cuts, two months after the shock April announcement of some of the biggest OPEC+ producers of additional cuts by the end of this year, most analysts say.
Yet, they are cautious in their predictions and recall the surprises OPEC+ has delivered to the market through the years, especially…The Market Expects OPEC+ To Keep Oil Production Unchanged
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