OPEC+ Mulls Downgrading Next Week’s Meet to Monitoring Session
- Group may go ahead with monitoring committee, skip ministerial
- Currently both ministerial and JMMC scheduled for April 28
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OPEC and its allies are discussing downgrading next week’s full-scale ministerial meeting, delegates said, a signal the coalition may stick with plans to gradually revive oil production.
The OPEC+ coalition led by Saudi Arabia and Russia may go ahead with just the meeting of its monitoring committee on April 28, rather than the full gathering that’s currently also planned for that day, the delegates said.