Deciding the OPEC+ oil production cuts on a monthly basis during the oil price and COVID-19 crises undermines market stability, Oman’s oil minister Mohammed Al-Rumhy has told S&P Global Platts. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “It’s very difficult to plan and the market dynamics of a month-to-month adjustment of production doesn’t really work,” said Rumhy. “I hope that we can come up with a better agreement on how we manage both the supply-demand picture as well as the stock threat to the fundamentals.” As things currently stand, the group will likely next meet in early July to discuss the state of the market, and if demand has not picked up then cuts at current levels will likely be extended to the end of August, Rumhy […]