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OPEC to meet non-OPEC producers on Dec. 10 in Moscow -sources

metro by metro
December 2, 2016
in Energy
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Saudis say to take “big hit” on oil output for OPEC deal, Iran can freeze

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OPEC will meet non-OPEC countries to finalise a global oil limiting pact on Dec. 10 in the Russian capital Moscow, two OPEC sources told Reuters on Friday.

OPEC agreed this week to reduce output by around 1.2 million barrels per day (bpd) beginning in January in a bid to reduce global oversupply and prop up prices.

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  It hopes non-OPEC countries will contribute another 600,000 bpd to the cut. Russia has said it will reduce output by around 300,000 bpd.

 

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