Title: OPEC+ Representatives Exclude Modifications to Oil Production Policy

Reuters reported that five representatives from OPEC+ stated that the group is likely to adhere to its current agreement to cut oil production in the upcoming meeting on Monday, following a recovery in oil prices after dropping to their lowest levels in 15 months. OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, is scheduled to hold an online meeting of the ministerial monitoring committee, which includes Russia and Saudi Arabia, on Monday. One representative noted about the upcoming discussions that "it is difficult to anticipate any new developments," while another mentioned that the supply constraints from Kurdistan and recent price declines are not significant enough to influence OPEC+'s policy direction in 2023.