OPEC+ to hold June policy meeting in person - sources

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, May 3 (Reuters) - OPEC+ has confirmed it will hold its June 4 policy meeting in person in Vienna, four sources familiar with the matter said on Wednesday as oil prices slid. Sources said there had been some discussion in the group about convening the meeting virtually, since ministers will be travelling to Vienna for the OPEC seminar in July. However, two sources familiar with the matter said on Wednesday the meeting will go ahead in person. Several OPEC+ members in April announced voluntary production cuts that take effect in May, but oil prices have continued to fall on concern about economic growth and interest rate hikes. Oil fell 4% on Wednesday, extending steep losses from the previous session, towards $72 a barrel for Brent crude. (Reporting by OPEC team; Editing by Alison Williams)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.