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What is the primary reason for OPEC+ meeting format change to online on December 1, 2024?
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Resolution / Starting Odds
Logistical reasons • 25%
Health concerns • 25%
Political reasons • 25%
Cost considerations • 25%
Statements from OPEC+ officials or credible news reports
Story
OPEC+ to Hold December 1 Oil Policy Meeting Online, Iran Seeks No Quota Limits
Nov 25, 2024, 12:40 PM
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, has decided to conduct its upcoming oil policy meeting online on December 1, 2024, instead of the previously planned in-person gathering. This shift to a virtual format was confirmed by multiple sources, including delegates and two unnamed sources. Iran's Oil Minister has expressed the country's intention to strive not to accept limits on its oil production quota during this meeting.
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Increase production • 25%
Decrease production • 25%
Introduce new quotas • 25%
Other • 25%
Proceed as planned • 25%
Delay by one month • 25%
Delay by more than one month • 25%
Cancel increase entirely • 25%
Increase output • 25%
Decrease output • 25%
Maintain current output • 25%
No decision announced • 25%
Yes • 50%
No • 50%
Increase production • 25%
Maintain current levels • 25%
Decrease production • 25%
No consensus • 25%