OPEC+ Could Hold Its Next Meeting This Week

The next OPEC+ meeting, initially scheduled for June 9-10, could take place earlier than expected according to a Reuters report that cites a letter from the OPEC president of Algeria to the members of the wider producer group. In the letter, Algeria proposes that the meeting be held this week, on Thursday, so that Saudi Arabia, Kuwait, and Iraq can make their export nominations after the producers’ club decides on the future of production cuts. Nominations is what Saudi Arabia, Iraq, and Kuwait call their export allocations to long-term clients,…