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- OPEC+ will hold the next meeting on November 30
OPEC+ will hold the next meeting on November 30
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) will hold their next meeting virtually on November 30, per Reuters.
OPEC+ has delayed a meeting scheduled to discuss oil output cuts to November 30 from November 26 due to producers' failure to agree on production levels and potential supply cuts.
Market reaction
WTI remains under selling pressure following the above report. The US oil is up 0.05% on the day to trade at $76.38.
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