Direxion Daily Energy Bull 2X Shares (ERX)

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OPEC meets next in Vienna on July 1 to decide on its output policy, and will meet with its non-OPEC allies, led by Russia, on July 2.

But Russia still has not said whether it would agree to keep the existing cuts in place or push to increase in the second half of 2019, the sources said.

“Russia is the only country that is yet to decide,” another OPEC source said.

U.S. President Donald Trump has called on Saudi Arabia and OPEC to boost output to compensate for the reduction in Iranian oil supply, but Saudi sources say that though the kingdom will always respond to its customers needs, there has been no demand for extra crude to justify them increasing their production.



https://www.reuters.com/article/us-oil-opec-gulf/gulf-oil-producers-to-maintain-output-within-opec-target-in-july-sources-idUSKCN1TL1TI