OPEC+ monitoring committee starts discussing January plan
"Yes, the meeting started," the source said. Ministers are to discuss the plan of oil production recovery in January.
The OPEC+ monitoring committee comprises 8 out of 23 countries participating in the OPEC+. These are Russia, Saudi Arabia, the UAE, Iraq, Kuwait, Algeria, Venezuela, and Kazakhstan. Ministers will discuss the oil market report prepared by the OPEC+ technical committee the day before.
According to the technical committee’s report seen by TASS, oil demand will grow by 5.65 mln barrels daily in 2021, with the estimate revised down by 160,000 barrels daily against the prior one (5.82 mln barrels per day).