OPEC JMMC meets on Wednesday at 1100 GMT
Producers earlier agreed to extend output cuts
Oil rallies to 89 a barrel, highest this year

LONDON, April 3 Reuters An OPEC ministerial panel is unlikely to recommend any oil output policy changes at a meeting later on Wednesday, three OPEC sources told Reuters, following the producers39; earlier decision to extend voluntary oil output cuts until June.

The Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC, is scheduled to hold an online joint ministerial monitoring committee meeting JMMC at 1100 GMT to review the market and members39; implementation of output cuts.

Oil has rallied this year, driven by tighter supply, attacks on Russian energy infrastructure and war in the Middle East. Brent crude traded above 89 a barrel on Wednesday, up from 77 at the end of 2023.

Two of the three sources, who asked not to be named because they were not authorised to speak publicly, said they expected a straightforward meeting. Five other sources on Tuesday had a simliar view.

OPEC members, led by Saudi Arabia and Russia, last month agreed to extend voluntary output cuts of 2.2 million barrels per day bpd until the end of June to support the market.

Russian Deputy Prime Minister Alexander Novak said on Friday Russia has decided to focus on reducing oil output rather than exports in the second quarter to evenly share production cuts with other OPEC member countries.

When the voluntary curbs expire…