OPEC Dec 6th Vienna meeting preview: Agenda and timings

OPEC Dec 6th Vienna meeting preview: Agenda and timings

The much-awaited meeting of the Organisation of Petroleum Exporting Countries (OPEC) is due on the cards later today that will have a significant impact on the oil price-action in the coming months.

All the Heads of the 15 OPEC members will meet to discuss a range of issues regarding energy markets. However, the main agenda this time is to decide on the OPEC oil output policy, whether the existing output cuts should be extended well beyond 2019, as they seek to stem the latest oil price declines. Saudi Arabia and Russia have reportedly agreed to reduce their oil output further.

Key Details:  

0900GMT : Opening Session Attendance: All OPEC Heads of Delegation and Delegates, Secretary-General, Observers, and Members of the Press 

10000GMT : Closed Session Attendance: All OPEC Heads of Delegation and the Secretary-General 

1200GMT : Press Conference

Source: https://www.fxstreet.com/news/opec-dec-6th-vienna-meeting-preview-agenda-and-timings-201812060355

Published: 06-12-2018