Yesterday was OPEC's Joint Technical Committee (JTC):
- JTC's role is to make an assessment of energy markets, the supply and demand balance, for OPEC ministers to consider when making cartel policy.
Today is the Joint Ministerial Monitoring Committee meeting at 1130 GMT:
- JMMC tracks the compliance of Opec+ members with their production quotas
Followed at 1230 GMT by the OPEC+ ministers meeting - this is the meeting that sets policy. What to expect? No change:
- OPEC+ said to be likely to stick with existing policy in this week's meeting
- From JTC meeting...Continuation of 400K incremental increase in production
Why no change despite rocketing prices? This via Deputy Bureau Chief & Chief Opec Correspondent
@energyintel:
