OPEC+ will not recommend a course of action on output policy in Jeddah meeting - source

JEDDAH, Saudi Arabia (Reuters) - A ministerial panel of major OPEC and non-OPEC producers will not recommend a course of action on oil output policy on Sunday, but will highlight the need to continue monitoring the market until the next meeting in June, a source familiar with the discussions said. The panel of top oil producers, including Saudi Arabia and Russia, was meeting in Jeddah on Sunday.

Reuters May 20, 2019 00:05:37 IST
OPEC+ will not recommend a course of action on output policy in Jeddah meeting - source

OPEC will not recommend a course of action on output policy in Jeddah meeting  source

JEDDAH, Saudi Arabia (Reuters) - A ministerial panel of major OPEC and non-OPEC producers will not recommend a course of action on oil output policy on Sunday, but will highlight the need to continue monitoring the market until the next meeting in June, a source familiar with the discussions said.

The panel of top oil producers, including Saudi Arabia and Russia, was meeting in Jeddah on Sunday. The source added the meeting would task the Joint Technical Committee (JTC) to continue with market analysis and monitoring until June.

(Reporting by Rania El Gamal; Editing by Mark Potter)

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