Axar.az
UP
18 July 2018


Only five non-OPEC producers will widen output cut

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Only five of 14 non-OPEC oil producers have agreed so far to meet the group on Saturday for talks aimed at widening a deal to reduce output, casting doubt on whether OPEC will secure the full cuts it is seeking, two OPEC sources said.

Axar.az informs, Russia has said it will cut 300,000 bpd, meaning other non-OPECproducers combined will need to pledge the same amount to lower output by the 600,000 bpd OPEC wants – half the reduction OPEC is making.

Some OPEC sources familiar with discussions were reasonably sure the outside producers would deliver enough commitments. “I think they will,” said one. “It should not be that difficult.”

Other OPEC sources were sceptical a pledge for the full amount would be made this time. Among the 14 non-OPEC countries invited to attend Saturday’s meeting, only Azerbaijan, Kazakhstan, Oman, Mexico and Russia have accepted.

Date
2016.12.08 / 20:59
Author
Axar.az
Comments
See also

Azerbaijani oil prices declines

Azerbaijan to switch to floating manat rate regime in 2020

Gazprom CEO joins trilateral gas transit talks

Azerbaijani oil price declines by 4 %

Oil prices rise from three-month low as more Norwegian

OPEC lose effectiveness

Oil prices go down

Ireland plans to move oil reserves from UK over Brexit

Azerbaijani oil price declines by 3%

Azerbaijani oil price declines by 3%

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla