OPEC leaders meet on Thursday

On Thursday (17), leaders of the Joint Ministerial Monitoring Committee of the Organization of Petroleum Exporting Countries (OPEC) and allies, in the group known as OPEC+, met virtually, depending on Covid-19, to evaluate the oil market. The start of the meeting was broadcast live on the institution's website, but the rest will be secret.

The leaders adopted a cautious tone when analyzing the market. Algeria's Energy Minister Abdelmadjid Attar warned that risks are on the downside.

Russia's Energy Minister Alexander Novak stressed the need for the energy sector to remain united and spoke of recovering global commodity production.

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