[size=36]For the first time since 2020, OPEC + holds its meeting in person[/size]
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, a source in the Organization of the Petroleum Exporting Countries (OPEC), said on Saturday, that the OPEC + group will hold its meeting on the fifth of October in Vienna with personal attendance, according to Reuters news agency.
This is the first time that coalition members will meet in person, since the start of the Corona pandemic in 2020.
The option to participate online will be available for some delegations who may not be able to travel to attend the meeting due to the short time available.
And Reuters agency had quoted sources in the “OPEC +” alliance that the oil-producing countries are considering reducing production at the October meeting by between 500 thousand and one million barrels per day, with the aim of supporting the market.
And OPEC +, which includes the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC allies including Russia, had previously agreed to cut the production target by 100,000 barrels per day at their meeting in September, the first reduction since 2020.
The October meeting comes amid sharp market volatility and a significant drop in oil prices from levels recorded in March, which were the highest in several years. Ended 29/N33