OPEC Likely to Leave Oil Output Unchanged

© Flickr / alex.ch OPEC headquarters in Vienna
OPEC headquarters in Vienna - Sputnik International
Subscribe
The Organization of Petroleum Exporting Countries (OPEC) is not likely to agree on changes in the level of oil production during a meeting on Thursday in Vienna, media reported Monday, citing Iraq's OPEC envoy.

The press conference room of the OPEC (Organization of the Petroleum Exporting Countries) is seen at the organization's headquarter on the eve of the 164th OPEC meeting in Vienna, Austria on December 3, 2013 - Sputnik International
Oil Prices Likely in Mid-$30s-$40s Per Barrel After OPEC Meet
MOSCOW (Sputnik) — There is no specific proposal on production on the agenda of OPEC's biannual meeting in Vienna, Iraq's Governor for OPEC Falah Alamri told The Wall Street Journal.

According to the reports, this statement was echoed by other OPEC representatives.

Over the past months, oil prices have recovered to a certain extent, and, as media noted, this have taken the air out of calls for action within OPEC.

In April, OPEC and major non-OPEC oil producers failed to agree on freezing oil output at January levels to shore up prices after Saudi Arabia backed out of the deal, insisting that Iran, which has been boosting oil production after years of international sanctions, should be part of any production cuts.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала