The year is well and truly getting underway, not easing into it for the oil traders!
- The OPEC Joint Technical Committee (JTC) meeting was held January 3
- And the Meeting of the Joint Ministerial Monitoring Committee (JMMC) will be today, 4 January 2021.
In addition, an OPEC and non-OPEC Ministerial Meeting is also scheduled for 4 January.
Full OPEC+ meetings are also likely in February and March, i.e a monthly schedule for the first quarter of 2021, at least - these may extend into Q2. Oil producers are assessing how demand for their product is responding as COVID-19 waves ebb and flow.
