During the upcoming meeting on April 3, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, are unlikely to alter their current output policy, according to recent reports.
OPEC+ has been closely monitoring the global oil market and has implemented production cuts to stabilize prices amidst the ongoing COVID-19 pandemic. The group's decision to maintain the current output levels comes as a response to the fragile state of the global economy and the uncertainties surrounding the demand for oil.
