OPEC+ to hold delayed meeting virtually on Nov. 30

24/11/2023 Argaam

OPEC+ to hold delayed meeting virtually on Nov. 30

Logo of OPEC

OPEC+ will hold its postponed ministerial meeting online next week after a conflict within the oil-producing cartel about the production quotas of African countries.

 

The struggle pushed OPEC+ to delay its meeting four days from Nov. 26 to Nov. 30.

 

The rescheduled meeting will coincide with Day 1 of the UN Climate Change Conference (COP 28), which will be held in Dubai.

 

Markets are waiting for the OPEC+ meeting, which will discuss measures to shore up the market next year.

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