OPEC+ Committee meeting is scheduled for next week – no change recommendation is expected | Forexlive

OPEC’s Joint Ministerial Monitoring Committee (JMMC) meets on April 3 2023.

At the previous JMMC meeting, which took place online on February 1, the Committee reaffirmed its commitment to the cut to overall production by two million barrels per day. A no-change recommendation is widely expected at next week’s meeting.

The JMMC is an advisory committee, it won’t make changes to output levels itself. That requires a full OPEC+ meeting, which is is not scheduled until June. Of course, its always possible that output levels can be changed between meetings but its not expected following the JMMC April 3 meeting.