The OPEC Joint Technical Committee and the OPEC + ministerial meeting have been postponed due to the need to assess the impact of the new strain of coronavirus, Bloomberg reports, citing delegates. According to them, the additional time will allow the group to analyze the drop in oil prices, which was provoked by reports of the omicron option, as well as the plans of the United States and other countries to release oil from the strategic reserve to the market.
The meeting of the OPEC technical committee, which was supposed to take place on November 29, has been postponed to December 1, according to a Bloomberg source. The OPEC ministerial meeting is postponed from November 30 to December 2.
The new strain was identified in South Africa, Hong Kong and a number of African countries, later cases of infection were detected in Germany, Italy, Czech Republic, Israel, Great Britain and Australia. In Russia, as of November 28, the omicron variant of the coronavirus, which scientists attribute to being highly infectious, has not been identified. Russia, along with other states, changed the rules of arrival from a number of countries because of the omicron version: the entry of foreigners will be limited, and Russians returning to the country will be additionally tested.
On the eve of the price of Brent oil on the London Intercontinental Exchange (ICE) fell by about 10% and for the first time since the beginning of September dropped to a level below $ 73 per barrel. OPEC +, according to Bloomberg, may refuse to increase oil production in January, one of the reasons was the spread of the omicron strain of the coronavirus.
About the influence of the new strain on world markets – in the material “b” “Two strains for the price of one.”