Gold Ten Data, July 18th, according to foreign media reports, OPEC+ representatives expect that the meeting to be held on August 1st will be a routine meeting and will not change the plan to increase production from the fourth quarter. OPEC+ agreed last month to cancel voluntary production cuts of 2.2 million barrels per day from October. When oil prices immediately fell, officials emphasized that the committee could postpone the increase in production if necessary. After that, the market rebounded, easing the sense of urgency. Representatives at the meeting said that there is currently no plan to have the Joint Ministerial Monitoring Committee make any recommendations on output policies. In this way, OPEC+ still has several weeks to consider whether to continue to increase supply, theoretically until early September to determine the allocation of goods for customers.
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OPEC+ temsilcisi: Ağustos toplantısı üretim artış planını değiştirmeyecek
Gold Ten Data, July 18th, according to foreign media reports, OPEC+ representatives expect that the meeting to be held on August 1st will be a routine meeting and will not change the plan to increase production from the fourth quarter. OPEC+ agreed last month to cancel voluntary production cuts of 2.2 million barrels per day from October. When oil prices immediately fell, officials emphasized that the committee could postpone the increase in production if necessary. After that, the market rebounded, easing the sense of urgency. Representatives at the meeting said that there is currently no plan to have the Joint Ministerial Monitoring Committee make any recommendations on output policies. In this way, OPEC+ still has several weeks to consider whether to continue to increase supply, theoretically until early September to determine the allocation of goods for customers.