OPEC+ representatives are still waiting to see whether the next policy meeting will be held face-to-faceplaybingoforrealmoney, triggerplaybingoforrealmoneyThere was speculation that the meeting might be held online.
According to representatives, who asked to remain anonymous because the information was not made public, the OPEC secretariat has not confirmed whether the meeting scheduled for June 1 will be held in Vienna. They said a formal invitation for talks had not yet been issued.
OPEC+ has held only two face-to-face ministerial meetings since 2020, and most policy decisions during the epidemic were made through online meetings.
OPEC and its allies have cut crude oil production by about 2 million barrels per day to avoid oversupply and support prices. It is widely expected that the organization will extend production reduction measures into the second half of the year.
