Over the weekend Algerian Energy Minister Mohamed Arkab proposed the shift, the meeting is currently scheduled for June 9-10.

  • Arkab currently hold the rotating presidency of OPEC

We should get a decision in the coming hours if the meeting is rescheduled.

Moving the meeting would likely give OPEC and its oil producing partners more flexibility to change current production limits.

  • The existing deal is up for discussion at the next meeting
Over the weekend Algerian Energy Minister Mohamed Arkab proposed the shift, the meeting is currently scheduled for June 9-10.