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Minimum result expected from OPEC's Vienna summit
Energy
- 23 May, 2017
- 11:34
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Baku. 23 May. REPORT.AZ/ Not all oil producing countries are satisfied with agreement to reduce global oil output for 9 months. Full agreement is possible with extension of the program for 6 months.
Repor informs citing the Bloomberg, Kuwait oil minister Essam al-Marzouq said.
The minister said that OPEC does not discuss the issue of increase in quota of production cut: "At the moment, there is no need to cut more production."
Analytical Group of Report News Agency says, if the decision to extend Vienna agreement for 6 months will be accepted on May 24-25 during OPEC meeting, oil prices can fall below $ 50/barrel.
Author
OPEC-in Vyana sammitindən minimal nəticə gözlənilir
Участники рынка ждут минимального результата от саммита в Вене
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