• İstanbul 20 °C
  • Ankara 15 °C

OPEC, allies to meet on June 6: Russian Energy Ministry

OPEC, allies to meet on June 6: Russian Energy Ministry
Meetings were initially scheduled for June 9 and June 10

By Emre Gurkan Abay

ANKARA (AA) - The Organization of Petroleum Exporting Countries (OPEC) and its non-OPEC oil-producing allies will meet Saturday to discuss their oil production cut agreement, the Russian Ministry of Energy said in a statement on Friday.

OPEC and the group dubbed as OPEC+, which includes 23 oil-producing nations, will hold their respective meetings on June 6 -- this time on one day, and not the usual two, Russian news agency TASS reported.

The main objective of the two meetings will be to extend the 9.7 million barrels per day of OPEC+ oil production cuts beyond June 30 when it expires.

Saudi Arabia, OPEC's de facto leader, and non-OPEC leader Russia are reported to have agreed to an extension to the deal at least by one month, according to TASS.

The two meetings were initially scheduled for June 9 and June 10. However, ministers of OPEC+ members disagreed about the date of the meeting after receiving information that Iraq, Nigeria, and Kazakhstan did not fully implement their oil production cut plans in May, TASS said.

*Writing by Ovunc Kutlu

source: News Feed
This news is a total 17 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim