DIS - Wall Street Breakfast: OPEC+ Policy

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. OPEC+ policyThe latest OPEC+ gathering takes place via videoconference today as pandemic travel continues to prevent the usual meeting spot in Vienna. The group is now holding monthly meetings, giving it more immediate power to make decisions on current oil market conditions, as well as room to maneuver. It's also a signal that OPEC+ producers are wary about how things might play out in the months as they try to balance expectations of a recovery in demand against a possible supply increase from Iran, the world's fourth-largest crude producer.Backdrop: OPEC+ decided in April to return 2.1M barrels per day to the market from May to July, anticipating rising global demand despite surging COVID cases in India. Since the announcement, crude prices have risen from $60 toward

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Wall Street Breakfast: OPEC+ Policy