The OPEC+ meeting went online

According to the report of Fars News Agency’s International Economy reporter, quoting Bloomberg, informed sources say: OPEC+ group has changed its decision to hold a face-to-face meeting in Vienna, Austria, and this meeting is scheduled to be held online on December 4.

In this meeting, negotiations are supposed to be held in line with the regulation of the oil market due to the existing problems caused by the price reduction and concerns about the economic recession in the West and the implementation of corona virus quarantines in China.

According to Argos Media, one of these knowledgeable sources said that the meeting of the technical committee of the OPEC+ group as well as the meeting of the supervising ministers are also going to be held virtually. It was in October that for the first time after about two years we saw the holding of a face-to-face meeting by the members of the OPEC+ group, and in this meeting, the group decided to supply its oil to the world market daily from the beginning of November until the end of 2023. reduce 2 million barrels.

In general, since March 2020, the OPEC+ group had held all its meetings virtually due to the spread of Corona. Of course, this group holds monthly meetings to review its oil production policies according to market conditions.

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