I posted on this earlier in the week:
OPEC+ Committee meeting is scheduled for next week - no change recommendation is expected
Reuters adding now:
- OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five delegates from the producer group told Reuters
As I posted in the link above:
- The JMMC is an advisory committee, it won't make changes to output levels itself. That requires a full OPEC+ meeting, which is is not scheduled until June. Of course, its always possible that output levels can be changed between meetings but its not expected following the JMMC April 3 meeting.
The "+" in OPEC+ basically refers to Russia. There are others but Rusia is the biggie.