A note for the diary on oil, with OPEC and allies planning a meeting in March

  • on March 17 and 18 (the first day is just to drink Guinness, obviously)
  • that will be a meeting of the Joint Ministerial monitoring Committee to review the implementation of OPEC production cuts

Followed by a meeting OPEC Minsiters in Vienna on April 17 and 18

central discussion will surround deciding to extend cuts (scheduled to expire in northern summer)

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Note: OPEC+ (OPEC plus some other producers) have agreed to reduce supply by 1.2 million barrels a day in H1 of 2019

Note also there will be meetings in February (7 & 8 and then on Feb 18 & 19) to discuss co-operation frameworks between OPEC and non-OPEC