6/2/2016, 3:07 PM (Source: TeleTrader)
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OPEC maintaining talks with non-OPEC oil producers

The Organization of the Petroleum Exporting Countries (OPEC) wants to carry on cooperating with non-OPEC producers, stated Mohammed Bin Saleh Al-Sada, President of the OPEC Conference and Qatar’s Minister of Energy and Industry, on Thursday at the 169th meeting of the OPEC Conference in Vienna.

The largest non-OPEC oil producer is Russian Federation.

Country representatives considered various ways of keeping oil production stable, but concluded that they need more time. Iran declined the idea of freezing oil production, as the country plans to increase its output.

The last time all major oil producers met was in April.


Image: EPA / Haider Al-Assadee

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