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OPEC to meet non-OPEC producers Dec 10 in Moscow

Freedom Reporter by Freedom Reporter
December 2, 2016
in Breaking News, Business, Energy, News
0
OPEC: Global oil sector needs $12.6trn investment

OPEC

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The Organisation of the Petroleum Exporting Countries (OPEC) will meet non-OPEC countries to finalise a global oil limiting pact on December 10 in the Russian capital, Moscow, two OPEC sources told media 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.
It hoped that non-OPEC countries would contribute another 600,000 bpd to the cut.
However, Russia has said it will reduce output by around 300,000 bpd.

Tags: opec
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