OPEC/non-OPEC to meet Saturday… WSJ – Commodity Research Group

December 6, 2016 by Jim Colburn Leave a Comment

The Wall Street Journal has a nice graphic showing countries from which OPEC hopes to get another 600,000 barrels per day of production cuts…. The meeting is Saturday in Vienna…

“The Organization of the Petroleum Exporting Countries has invited representatives from 14 countries to meet in Vienna on Saturday to discuss joining the cartel after it agreed last week to slash 1.2 million barrels of daily oil production—more than 1% of global output. In all, OPEC wants its non-OPEC counterparts to slash 600,000 barrels a day.

Four countries have committed to attend Saturday: Russia, Oman, Bahrain and Azerbaijan. OPEC officials believe Mexico and Kazakhstan are also likely to come.”

http://www.wsj.com/articles/opec-to-seek-more-oil-output-cuts-from-nonmembers-1480962584

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