OPEC+ reportedly said to have no plans to deepen output cuts in December meeting

Author: Justin Low | Category: News

Reuters reports, citing two sources on the matter

Adding that OPEC+ is likely to extend the existing oil output cuts until June next year when they meet up in Vienna next month.

I don't think this really comes as much of a surprise to anyone as this is pretty much the baseline expectation going into the meeting. In any case, it presents a chance of an upside surprise if they commit to any form of deeper cuts when the time comes.

But then again, it's OPEC. There's always a leak somewhere.

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