Infographic: OPEC+ economics dashboard

Latest update: Jan. 30, 2024

A key OPEC+ advisory committee, co-chaired by Saudi Arabia and Russia, is set to meet online Feb. 1, with crude prices still stuck below the level that many of the alliance’s major producers need to balance their budgets.

Traders will be seeking signals from the Joint Ministerial Monitoring Committee meeting on how long the bloc will keep the reins on its production and how it sees supply-demand fundamentals shaping up in the months ahead.

Related story: OPEC+ monitoring committee prepares to meet as group battles sticky oil prices (Subscriber content)

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