OPEC+’s meeting that was put on the books at the last minute for Saturday is now being delayed to Sunday, according to anonymous Reuters sources, Oil Price reports.
The group had decided to get together at the last minute, ahead of the November 30 and December 1 full meetings, to discuss things about the plan for oil production starting in January.
The group is expected to come to some sort of agreement on relaxing the current production quotas that OPEC+ is currently tasked with meeting. Most analysts expect that the group will extend the current agreement into 2021, for a period of three months, Oil Price informs.