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OPEC Latest: Meeting Concludes Without Discussion of Oil Policy

Russian Oil Fields Ahead of 180th OPEC Meeting

Source: Bloomberg

Updated on

OPEC ministers met online to discuss internal matters, before convening with their allies on Thursday to review oil-production policy. 

Wednesday’s talks among the 13 members of the Organization of Petroleum Exporting Countries focused on administrative affairs, including an update to the group’s manifesto of guiding principles known as its Long-Term Strategy. The meeting of the wider 23-nation OPEC+ alliance tomorrow will have more significance -- the anticipated ratification of a supply increase for August that will complete the return of production halted at the outset of the Covid-19 pandemic.