OPEC+ Shifts Meeting Online as Officials See Longer Oil Cuts
- Video conference scheduled for June 2 replaces in-person talks
- Group is expected to prolong current supply curbs through 2024
The OPEC headquarters in Vienna.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
OPEC+ will hold next month’s policy meeting online rather than in person, while several delegates said they expected the group to extend its current supply cuts into the second half of the year.
Saudi Arabia and its partners will gather on June 2 — a day later than initially planned — to review roughly 2 million barrels a day of output curbs, introduced to stave off a surplus and shore up crude prices. Crude traders expect the cutbacks will be maintained, and several delegates who asked not to be identified predicted the same.