scorecardresearchOil Set for First Monthly Decline This Year Before OPEC+ Meeting

Oil Set for First Monthly Decline This Year Before OPEC+ Meeting

Updated: 30 Jun 2022, 03:12 PM IST
TL;DR.
Oil is heading for the first monthly decline since November as OPEC+ ministers prepare to gather to discuss the group’s supply policy.
FILE - The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, Thursday, March 3, 2022. Oil prices are high, and drivers are paying more at the pump. But the OPEC oil cartel and allied producing nations may not be much help at their meeting Thursday, June 30. The OPEC+ alliance, which includes Russia. is having trouble meeting its announced production quotas. (AP Photo/Lisa Leutner, file)

FILE - The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, Thursday, March 3, 2022. Oil prices are high, and drivers are paying more at the pump. But the OPEC oil cartel and allied producing nations may not be much help at their meeting Thursday, June 30. The OPEC+ alliance, which includes Russia. is having trouble meeting its announced production quotas. (AP Photo/Lisa Leutner, file)