Oil – There are a series of OPEC+ meetings this week – current output policy to remain

A meeting of Opec-plus JMMC is scheduled for Wednesday.

Preceding that though is the usual meeting of the Joint Technical Committee (JTC) on Tuesday

  • This committee reviews compliance levels
  • Opec-plus agreed to renewed production curbs in December/January 
  • Compliance is said to be running close to 100%

Opec-plus ministers then meet on Wednesday

  • this is the regular Joint Ministerial Monitoring Committee (JMMC) meeting
  • the JMMC meeting is not expected to recommend and production level changes

The next full Opec+meeting is on March 4.

A meeting of Opec-plus JMMC is scheduled for Wednesday.

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