UP

Only five non-OPEC producers will widen output cut

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto
Only five non-OPEC producers will widen output cut

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
See also

Oil prices rise again

Oil prices keep falling in global markets

Russian Central Bank raises dollar exchange rate

Oil prices decline on global markets

Global stocks rally on US-China trade optimism

Oil prices rise again on global markets

Oil prices show mixed movement in global markets

Oil prices keep rising in global markets

Oil prices rise again on world markets

World economy shrugs off both the trade war and AI fears

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