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OPEC+ Moves Technical Meetings for Time to Review Market Rout

  • Group committees to look at oil’s more than 10% drop Friday
  • Technical sessions to also evaluate coming oil reserve release
Russian Oil Fields Ahead of 180th OPEC Meeting
Photographer: Andrey Rudakov/Bloomberg

OPEC+ is moving two technical meetings to later this week after oil’s rout last Friday and to give its committees more time to evaluate the impact of a new strain of the coronavirus.

The Organization of Petroleum Exporting Countries is moving its joint technical committee meeting to Wednesday, instead of the planned date Monday, according to delegates from some member countries. The joint ministerial monitoring committee, which comprises representatives of the broader group, will meet on Thursday instead of on Tuesday.