Oil – OPEC + is close to bringing its meeting forward a week to June 4 (ie. this week)

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.