OPEC to meet non-OPEC producers on December 10 in Vienna: sources
Tweet
Share
E-mail
The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) is seen in Vienna, Austria, November 29, 2016. REUTERS/Heinz-Peter Bader
DUBAI (Reuters) - OPEC will meet non-OPEC countries to finalize a global oil limiting pact on December 10 in Vienna, two sources told Reuters on Saturday.
Two OPEC sources earlier said the meeting was due to take place in the Russian capital Moscow, but later said that plan had changed.
OPEC agreed this week to reduce output by around 1.2 million barrels per day (bpd) beginning in January in a bid to reduce global oversupply and prop up prices.
It hopes non-OPEC countries will contribute another 600,000 bpd to the cut. Russia has said it will reduce output by around 300,000 bpd.
(Reporting by Rania El Gamal; Editing by Nick Macfie)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ukrainian capital Kyiv under attack by Russian ballistic missiles, mayor says
- Liberia's former vice president charged in probe of transnational drug ring, government says
- US provides $206 million for Gaza force despite deadlocked peace plan
Create E-mail Alert Related Categories
ReutersRelated Entities
OPECSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
