MOSCOW (Sputnik) — According to Ecuadorean president, Colombia, Venezuela, Ecuador and Mexico, with which "it was more difficult to coordinate," will take part in the event, as quoted by the Prensa Latina news agency Tuesday.
Global oil prices dropped from $115 to some $40 per barrel between June 2014 and March 2016 largely because of prolonged global oversupply and weak demand.
On April 17, major oil producers are expected to meet in the Qatari capital of Doha to discuss an agreement to freeze oil output at January 2016 levels. In February, representatives from Saudi Arabia, Qatar, Venezuela, and Russia discussed possible measures to stabilize the current oil market, including the oil production freeze.
