OPEC+ countries may meet on July 10-12

OPEC+ countries may meet on July 10-12
  • Clock-gray 16:51
  • calendar-gray 18 June 2019

OPEC and non-OPEC countries discuss the issue of holding the meeting on making a decision about oil production at the Vienna on July 10-12, APA-Economics reports.

It is suggested to hold Joint Ministerial Monitoring Committee meeting on July10, meeting of OPEC ministers on July 11, and negotiations of OPEC and non-OPEC countries on July 12.

Note that OPEC+ countries can not agree on the date of the meeting on prolongation of agreement about reduction of oil production. Iran refused to agree with Saudi Arabia’s proposal to hold a meeting on July 3-4. Iranian Oil Minister Bijan Namdar Zangeneh has agreed with Russian Energy Minister Alexander Novak on postponing the meeting of OPEC+ countries for June 25 to another day. He proposed to hold a meeting on July 10-12.

Emil Ismayilov

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