OPEC+ to meet in person in Vienna on October 5

OPEC+ to meet in person in Vienna on October 5

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OPEC+ to meet in person in Vienna on October 5

OPEC+ last met in person in March 20

OPEC+ oil producers will hold an in-person meeting, their first since March 2020, in Vienna on October 5, the Organization of the Petroleum Exporting Countries said in a press release on Saturday.

According to the alliance, the 45th meeting of the Joint Ministerial Monitoring Committee will be followed by the 33rd OPEC and non-OPEC Ministerial meeting.

OPEC+ last met in person in March 20, and has held its meetings via videoconference amid the coronavirus pandemic ever since.

Earlier, Reuters reported, citing a delegate, that OPEC+ oil producing countries were considering a cut of between 500,000 and 1 million barrels per day in their output target for November to support the market.