OPEC+ likely to hold next policy meeting on January 4, sources say

*OPEC flag

London — OPEC, Russia and allies, a group known as OPEC+, are likely to hold their next meeting to set oil policy on Jan. 4, two sources close to the group said on Monday.

OPEC+ agreed last week to raise oil output by 500,000 barrels per day (bpd) in January and to hold monthly meetings starting in January to decide on further production adjustments that will add no more than 500,000 bpd a month.

A third source said the meeting date would be confirmed by the next gathering on Dec. 17 of the OPEC+ panel, the Joint Ministerial Monitoring Committee.