OPEC+ countries said to discuss oil output cuts for 2019

Author: Justin Low | Category: News

According to Bloomberg, citing unnamed OPEC+ delegates

  • OPEC+ countries concerned about increase in oil inventories
  • Ministers to discuss cut options in Abu Dhabi
This adds more backing to the earlier story here and will continue to help underpin oil prices surely. The OPEC+ JMMC will meet next on 11 November so this will build up expectations for a production cut that will help to keep prices afloat after having touched a seven-month low yesterday.

Expect more rumours and headlines to come about in the next few days. WTI now trades 0.93% higher on the day at $62.79.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose