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Delegates: OPEC+ meeting scheduled for weekend has been delayed
DELEGATES: OPEC+ MEETING SCHEDULED FOR WEEKEND HAS BEEN DELAYED.
— Breaking Market News (@financialjuice) November 22, 2023
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*OPEC+ MEETING SCHEDULED FOR SAT-SUN HAS BEEN DELAYED | #OOTT https://t.co/cVONPDbIFS
— Javier Blas (@JavierBlas) November 22, 2023
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The opec plus meeting is now being delayed to the 30th of November instead of the 26th #OOTT #Opec
— Amena Bakr (@Amena__Bakr) November 22, 2023
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Oil Tumbles After OPEC+ Meeting Delayed
Oil prices are lower this morning as the usual malarkey of leaks, rumors, and denials dominates price action ahead of the planned OPEC+ meeting this weekend. The selling started with a report by Bloomberg claiming that the Saudis expressed dissatisfaction with other members about their oil production levels. The worry, Bloomberg claims, is that Riyadh might reverse its unilateral 1 million barrel-a-day curb if its counterparts don’t contribute further to the supply reductions. That sent prices lower. Then, at 0801ET this headline hit: OPEC+ MEETING TO GO AHEAD ON SUNDAY AS PLANNED - RIA Then at 0806ET, this ... (full story)
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Baselines are always a sensitive and complicated topic #OOTT
— Amena Bakr (@Amena__Bakr) November 22, 2023
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