New meeting date confirmed
A core group of eight Opec+ members have brought forward a policy meeting by one day to 5 July, delegates told Argus.
The group — comprising Saudi Arabia, Russia, the UAE, Kuwait, Iraq, Algeria, Oman and Kazakhstan — will meet to decide on their crude production targets for August.
At their previous meeting on 31 May, the eight countries agreed to raise their collective production ceiling by 411,000 b/d for July, matching the increases agreed for May and June.
Delegates have indicated to Argus that the group may agree another 411,000 b/d hike for August.
The meeting was rescheduled at Iraq's request to avoid a clash with the Islamic holy day of Ashura, which falls on 6 July this year.
