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What’s Hot: OPEC+ poised to rollover production cuts and keep oil futures in backwardation
Three Organization of the Petroleum Exporting Countries (OPEC) meetings are to take place on Sunday 2nd June via videoconference. (1) involving OPEC ministers, (2) involving OPEC and its partner countries (jointly OPEC+) and (3) involving the group’s Joint Ministerial Monitoring Committee (JMMC). These are meetings where the member states decide on their next policy move. The meetings were originally supposed to take place on Saturday 1st June in Vienna. The shift to a set of virtual meeting indicates that there is already broad agreement between members and the formalities could be easily executed via a video ... (full story)