opec panel to discuss export monitoring oil pact extension
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

OPEC panel to discuss export monitoring, oil pact extension

Arab Today, arab today

Arab Today, arab today OPEC panel to discuss export monitoring, oil pact extension

A meeting of OPEC and non-OPEC producers
Vienna - AFP

A meeting of OPEC and non-OPEC nations on Friday to review their oil supply cut deal will discuss monitoring exports to assess compliance and will consider extending the pact beyond March.
The Organization of the Petroleum Exporting Countries plus Russia and other non-OPEC producers aims to clear a global oil supply glut by curbing output by about 1.8 million barrels per day (bpd). The pact runs to the end of March.
Ministers on a panel monitoring the deal, which comprises Kuwait, Venezuela and Algeria, plus non-OPEC Russia and Oman, are scheduled to meet at 0900 GMT. The meeting was likely to be brief, two OPEC delegates said.
Russian Energy Minister Alexander Novak told reporters on Friday that Moscow was not against tracking oil exports to assess producers’ compliance with the deal.
“We are discussing (oil exports monitoring) but there are difficulties from the point of view of data accuracy,” Novak said. “On the whole we are not against it as an additional factor, the main factor is production.”
Ministers will also discuss a possible extension of the deal beyond its expiry at the end of March.
Oil prices have gained more than 15 percent in the past three months to trade above $56 a barrel, suggesting the deal is making progress in getting rid of excess supply. But oil is still half the level it was in mid-2014.
Friday’s meeting of the Joint Ministerial Monitoring Committee, chaired by Kuwait, could make a recommendation on policy to the wider group, which next meets in November
The Omani minister is not expected to attend, but Nigeria’s oil minister and the head of Libya’s state oil company, whose countries are exempt from the supply cuts, are attending.

Source: Arab News

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*

opec panel to discuss export monitoring oil pact extension opec panel to discuss export monitoring oil pact extension

 



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*

opec panel to discuss export monitoring oil pact extension opec panel to discuss export monitoring oil pact extension

 



GMT 10:10 2017 Thursday ,09 February

3 Important Elements You Have to Consider

GMT 04:03 2017 Monday ,24 April

Bella Hadid ‘dying’ to visit Palestine

GMT 19:25 2016 Wednesday ,25 May

The Brooklyn Desk by Oeuf NYC

GMT 07:49 2018 Friday ,05 January

2 Russian servicemen killed

GMT 07:58 2018 Monday ,01 January

Italy orders N. Korea's envoy to leave

GMT 08:45 2017 Wednesday ,20 December

US military imagines war without GPS

GMT 17:26 2017 Sunday ,17 December

Putin thanks Trump for help in foiling attack plot

GMT 22:19 2017 Monday ,16 October

Cairo-hosted Fatwa conf. new contribution

GMT 02:27 2016 Friday ,10 June

Video hints Japan abetting illegal ivory trade

GMT 07:04 2017 Wednesday ,19 April

1,883 Bahrainis found jobs in March

GMT 14:24 2016 Tuesday ,22 November

Citi and JPMorgan top list of ‘globally banks’

GMT 21:43 2017 Friday ,01 September

People question Nazaruddin`s repatriation expenses

GMT 09:41 2017 Wednesday ,19 April

OIC concerned over violence in Mali

GMT 01:30 2017 Friday ,27 October

May22/Jun21

GMT 05:38 2016 Friday ,30 December

Dubai Airports divert 13 flights due to heavy fog

GMT 11:38 2017 Saturday ,14 January

Mexico names new ambassador to US

GMT 12:03 2017 Wednesday ,22 March

Kuwait to mark World Water Day

GMT 15:00 2017 Wednesday ,27 September

HM King receives invitation from Egyptian President

GMT 02:45 2017 Tuesday ,05 December

President Bashir arrives in Chad

GMT 02:45 2017 Wednesday ,16 August

Turkmen President Visits Pakistan
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday