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OPEC, Non-OPEC alliance to convene Thurs. to discuss production levels

VIENNA, Nov 30 (KUNA) -- Energy ministers of the OPEC and Non-OPEC alliance, known as OPEC+, will convene via videoconference on Thursday to determine the output levels for the first quarter of 2022.
In a press statement, OPEC General Secretariat announced Tuesday that the OPEC, Non-OPEC Joint Ministerial Monitoring Committee will hold its 35th meeting online to assess countries commitment to the Declaration of Cooperation on the coordinated measures to ensure the stability of oil markets.
On Wednesday, OPEC ministers will hold their 182nd conference to coordinate stances ahead of the OPEC, Non-OPEC ministerial meeting.
In their meeting, the OPEC and Non-OPEC ministers will thoroughly review the oil market situation following the prices downturn as well as the expected impacts of the US, China, India, and Japan's recent announcement of a coordinated release of strategic oil reserves and discovery of a new coronavirus variant. (end) amg.ibi