OPEC

Reuters is out with some headlines on the OPEC+ meeting, which was scheduled for Sunday but was delayed until December 5.

  • OPEC+ is discussing delaying the hike for Q1
  • To hold further talks in the coming days
  • Scheduled output increase for Jan is among the issues to be addressed

None of this is a surprise. There has been talk of a delay through Q1 for awhile and there is also talk of a delay for all of H1. None of the talk has helped to lift oil.