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Monday, June 14, 2021

No fireworks from OPEC+ today?

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Word on the street is that nothing major is to be expected

From oil journalist, Reza Zandi:

According to an informed source: “It is highly improbable that anything significant would happen at today’s #OPEC+ meeting.” Well, who knows? But, never underestimate OPEC’s surprises. #OOTT @OPECSecretariat

I reckon this is pretty much the baseline expectation going into the meeting.

The only thing to watch out for may be whether OPEC+ members would see fit to lay out plans for the coming months but I doubt they’d look too far ahead.



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