OPEC+ to Hold Meeting in January Next Year... Oil Production Volume Likely to Be Decided in February
[Asia Economy Reporter Kum Boryeong] The 'OPEC Plus' (OPEC＋) is scheduled to hold its next meeting in January next year.
According to TASS news agency, Russian Deputy Prime Minister Aleksandr Novak announced on the 9th (local time) that OPEC＋ will hold its next meeting on January 4 next year. OPEC＋ is a consultative group consisting of the Organization of the Petroleum Exporting Countries (OPEC) and major non-OPEC oil-producing countries such as Russia.
According to TASS, Deputy Prime Minister Novak stated this during a cabinet meeting chaired by President Vladimir Putin, saying, "Everyone agreed to hold a meeting on January 4 next year to decide what joint actions (OPEC＋ oil-producing countries) will take starting February next year."
It is expected that the oil production volume for February next year will be decided at this meeting.
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OPEC＋ oil ministers agreed at a meeting on the 3rd to increase oil production by 500,000 barrels per day in January next year compared to the current level. After that, they decided to hold monthly meetings starting in January to determine the production volume for the following month.
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