The oil-producing cartel has officially agreed to extend production curbs until March 2020 after a meeting in Japan between Saudia Arabia's Crown Prince Mohammed Bin Salman and Russia's Vladimir Putin.
OPEC Secretary-General Mohammed Barkindo plays down suggestions that OPEC's decision-making process has now changed.Secretary General of OPEC, Mohammed Barkindo , Russia Energy Minister Alexander Novak , Saudi Arabia's Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih hold a joint press conference during the 173rd Ordinary Meeting of the Organisation of Petroleum Exporting Countries in Vienna, Austria on November 30, 2017.
That has led to some suggestion that OPEC's new charter is now ignoring the voice of original member countries in order to keep Moscow happy. Barkindo told CNBC's Dan Murphy in Vienna on Tuesday that in fact member countries were pleased by Moscow's interventions.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
OPEC extends oil cut to prop up prices as economy weakensOPEC agreed on Monday to extend oil supply cuts until March 2020, three OPEC sou...
Leer más »
Iran warns 'unilateralism' between Saudi Arabia and Russia could lead to the death of OPECOPEC is set to debate an extension of oil production cuts when it meets on Monday, before getting the deal endorsed by non-members.
Leer más »
New OPEC-Russia Pact on Oil Cuts Could Last Well Into 2020OPEC and its Russia-led allies are likely to extend their deal to cut oil output by nine months, Saudi Energy Minister Khalid al-Falih said Sunday, in a sign that some of the world’s major crude-producing countries are concerned about the possibility of shrinking demand well into next year.
Leer más »
OPEC and allies set to extend oil supply cuts, prop up pricesOPEC and its allies led by Russia are set to extend oil output cuts until March ...
Leer más »
Oil prices slip as demand worries outweigh OPEC supply cutsOil prices slipped on Tuesday as worries that a weakening global economy would d...
Leer más »
Non-OPEC members back cartel's extension of production cutsThe current deal to support prices reduced production by 1.2 million barrels per day starting from January 1 for six months, and will now run into next year with the extension.
Leer más »