Arab Today, arab today opec nonopec producers to meet on april 17 in doha
Last Updated : GMT 06:34:51
Arab Today, arab today
Arab Today, arab today

OPEC, non-OPEC producers to meet on April 17 in Doha

Arab Today, arab today

Arab Today, arab today OPEC, non-OPEC producers to meet on April 17 in Doha

OPEC members and key oil producers from outside the cartel will meet on April 17 in Doha
Doha - AFP

OPEC members and key oil producers from outside the cartel will meet on April 17 in Doha in a bid to stabilise falling crude prices, Qatari energy minister Mohammed al-Sada said Wednesday.

The meeting is a "follow-up" to last month's talks between Qatar, Russia, Saudi Arabia and Venezuela when they proposed an accord to freeze oil output at January levels, said a statement from Sada, the current OPEC president.

He said 15 countries accounting for some 73 percent of global oil output supported the initiative, including the world's top exporter Saudi Arabia, and Russia.

Russian energy minister Alexander Novak said this week that the meeting will "probably" be held in April.

Oil prices, which have plummeted more than 60 percent since mid-2014 partly because of oversupply, recently recovered slightly following talk of an output freeze.   

But Novak's comments put pressure on oil prices after he indicated Iran could be excluded from a freeze deal to allow it to increase its crude production after Western sanctions over its nuclear programme.   

One of the world's biggest producers, Iran, returned to the export market in January.

According to OPEC's monthly report released on Monday, Iran pumped out 3.1 million barrels per day (bpd) of crude in February, up from 2.9 million in January. It pumped 4.0 million bpd before sanctions were imposed.

Overall production by the 13-nation cartel fell by 175,000 barrels per day in February to an average of 32.28 million bpd, largely because of a steep drop in Iraqi output and smaller falls in Nigeria and the United Arab Emirates, the report said.

Oil prices rebounded on Wednesday as investors bought back into the black gold after a two-day sell-off. At around 0600 GMT, US benchmark West Texas Intermediate for delivery in April was up 1.62 percent, or 59 cents, to $36.93.

Brent for May was up 1.21 percent, or 47 cents, at $39.21.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today opec nonopec producers to meet on april 17 in doha Arab Today, arab today opec nonopec producers to meet on april 17 in doha

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today opec nonopec producers to meet on april 17 in doha Arab Today, arab today opec nonopec producers to meet on april 17 in doha

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday