OPEC+ bides its time as US cancels Iran waivers

摘要

On April 22,the US announced it would not extend sanctions waivers to the eight Iranian oil customers that had been granted the exemptions in Nov.Kuwaiti oil Minister Khaled Al Fadhel said the impact of the decision on oil prices would need to be examined before the OPEC+ coalition would be able to decide whether or not to extend the group's 1.2MM-b/d output cuts beyond the current expiration of June 30.The Joint Ministerial Monitoring Committee is scheduled to meet on May 19 and the full OPEC+ coalition is scheduled to meet on June 25-26.