13:50 GMT19 June 2021
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    Norwegian Minister of Petroleum and Energy Tord Lien will not attend the upcoming June meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, a spokesperson for the ministry told Sputnik on Wednesday.

    MOSCOW (Sputnik), Svetlana Alexandrova — On June 2, Vienna is expected to host the 169th OPEC meeting to discuss the current state of affairs in the global oil industry. Several non-OPEC states, such as Russia and Oman, are expected to participate in the meeting.

    "The Minister is not attending the OPEC meeting in Vienna. The Ministry will have an observer at the meeting, but not attend the actual meeting," the spokesperson said.

    Global oil prices plunged from $115 to less than $30 per barrel between June 2014 and January 2016, hitting their lowest levels since 2003, mostly because of prolonged global oversupply and sluggish demand.

    Major oil producing states both from OPEC and outside of the cartel have attempted to change the situation and to reach an agreement to support the oil prices.

    In April, the OPEC and major non-OPEC oil producers failed to reach an agreement in Doha on freezing oil output at January levels to shore up prices after Saudi Arabia backed out of a deal, insisting that Iran, which has been boosting oil production after years of international sanctions, should be part of any production cuts. Norway had also received the invitation to participate in the Doha talks, but chose not to attend.


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