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OPEC+ virtual meeting signals little likelihood of policy change ahead of Russian oil price cap decision – source

OPEC+ virtual meeting signals little likelihood of policy change ahead of Russian oil price cap decision – source

[html]DUBAI (Reuters) – The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source…
                              

DUBAI (Reuters) –     The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter told Reuters on Wednesday.


A virtual meeting also puts the focus on the pending European Union deal on a price cap on Russian oil ahead of a Dec. 5 deadline imposed by the bloc for a full embargo on purchases of Moscow’s seaborne crude.


“OPEC+ would rather sit on the bench at this time and assess the outco*e of what happens on Monday,” the source added.



(Reporting by Maha El Dahan; Editing by Kim Coghill)


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Source: OPEC+ virtual meeting signals little likelihood of policy change ahead of Russian oil price cap decision – source (http://ht**://www.oann.c**/business/opec-virtual-meeting-signals/?utm_source=rss&utm_medium=rss&utm_campaign=opec-virtual-meeting-signals)