[COPY] What Will OPEC+ Decide in its Meeting Tomorrow?

With 14 charts

We are resending a corrected copy: June 2024 not June 2023:

Let us remember that there are two types of production cuts:

1. Cuts that were made by OPEC+ as a group in 2022 and extended to the end of 2024 and

2. Voluntary cuts that were made by some members starting in 2023 and extended to end of June 2024.

Greetings from Riyadh, Saudi Arabia. 

We believe the “two” meetings are scheduled on a weekend by design while markets are closed to avoid the volatility associated with media leaks and inaccuracies in media reporting.  The contradictory news yesterday proves this point.