May 19, 2019 / 6:00 PM / a month ago

OPEC+ will not recommend a course of action on output policy in Jeddah meeting - source

FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC's headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

JEDDAH, Saudi Arabia (Reuters) - A ministerial panel of major OPEC and non-OPEC producers will not recommend a course of action on oil output policy on Sunday, but will highlight the need to continue monitoring the market until the next meeting in June, a source familiar with the discussions said.

The panel of top oil producers, including Saudi Arabia and Russia, was meeting in Jeddah on Sunday. The source added the meeting would task the Joint Technical Committee (JTC) to continue with market analysis and monitoring until June.

Reporting by Rania El Gamal; Editing by Mark Potter

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