Date: 5 days ago   Category: Energy

The monitoring committee of OPEC will recommend to reduce oil production — Rambler News Service


Photo: globallookpress.com/Omar Marques the Ministerial monitoring committee of OPEC will recommend to reduce oil production, the minister of oil of Oman Mohammed bin Hamad al-Rumkhi reported. At the same time it did not specify about what volume of reduction it there is a speech. "OPEC agreed to recommend decrease in production", - the Bloomberg agency cites the minister's words. According to al-Rumkhi, as basic level within reduction of production the level of September or October, 2018 can be chosen. At the same time it is about reduction of production for six months, since January, 2019. On December 5-7 in Vienna there will take place negotiations of the countries of OPEC and the states which are not entering into cartel participating in the agreement on reduction of level of production of oil. The minister of oil of Oman Mohammed bin Hamad al-Rumkhi reported that participants of the agreement on reduction of oil production between OPEC and the countries (OPEC) which are not entering into cartel discuss reduction of production in 2019 from three to six months.

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