OPEC+ Shows No Sign of Changing Oil Output at Meeting Next Week
- Delegates expect ministerial panel to stick to existing policy
- Saudis have said deal should remain in place for whole year
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The OPEC+ coalition is showing no signs of adjusting oil production next week, staying the course amid turbulence in financial markets.
Group leader Saudi Arabia has said publicly that the 23-nation alliance should keep supplies steady for the whole of 2023 as it navigates a fragile recovery in global oil demand. Delegates from the group say privately that an online meeting of key ministers on Monday is set to maintain this position.