18:41 GMT +320 January 2020
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    Oil in Turmoil (134)
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    The UAE governor for OPEC opined that negotiations between Tehran and the bloc would be a key to reaching a deal on oil output freeze.

    ALGIERS (Sputnik) – The ability of the Organization of the Petroleum Exporting Countries (OPEC) member states to reach an agreement on oil production freeze depends on whether they are able to agree on the issue with Iran, UAE Governor for OPEC Ahmed Mohamed Alkaabi told Sputnik on Wednesday.

    "It depends on what they [OPEC ministers] will reach with Iran," he said asked whether oil producing countries would be able to reach consensus on oil output freeze later in the day on the sidelines of the International Energy Forum.

    He added that the UAE energy minister was currently holding bilateral meetings on the topic and specific proposals of levels of oil output freeze would be clearer around 10.30 a.m. local time (09:30 GMT).

    Oil in Turmoil (134)


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    oil, International Energy Forum (IEF), OPEC, Iran, United Arab Emirates
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