Technical Analysis

‘Source’ says OPEC+ unlikely to change policy at December meeting

Via Reuters, the newswire citing a “source with direct knowledge”

  • Opec+ decision to meet virtually on Dec 4 signals little likelihood
    of policy change
  • Opec+ virtual
    meeting puts focus on pending Russian oil price cap decision on Dec 5

The reasoning is that it’s a virtual meeting so a change in policy (to pump more or less, both alternatives have been floated in the lead-up to this meeting) is unlikely. So, a bit of a placeholder meeting then.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button