OPEC+ meets today to decide on production policy

04/03/2021 Argaam

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The Organization of Petroleum Exporting Countries and its allies (OPEC+) will hold a meeting today, March 4, 2021, to determine the group's oil production policy, amid mixed expectations, including an extension of the current output levels.

 

The OPEC+ Joint Ministerial Monitoring Committee meeting held on March 3, 2021, did not provide any recommendation for April production levels, S&P Global Platts reported.

 

The OPEC+ is considering rolling over production cuts into April instead of raising output, as a recovery in oil demand remains fragile due to the coronavirus crisis, Reuters earlier reported, citing OPEC+ sources.

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