Reuters: OPEC cancels October 4 technical committee meeting
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OPEC canceled the meeting of the Joint Technical Committee, which was scheduled for October 4. The meeting was supposed to take place on the eve of the meeting of OPEC ministers. This was reported by Reuters, citing sources.
According to Reuters, the decision was made by the OPEC monitoring committee. According to the agency, the technical committee provides advice to the Joint Ministerial Monitoring Committee and the general meeting of OPEC ministers on market fundamentals.
October 5 in Vienna must a meeting of the ministerial monitoring committee and a meeting of ministers of OPEC member countries will be held. By information Bloomberg, it will consider the issue of reducing production by more than 1 million barrels per day.
About the previous reduction in oil production – in the material “Kommersant” “Quotas were taken from the ceiling“.
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