Saudi energy minister Khalid Fallich said Sunday that OPEC might hold a meeting in Vienna in the first week of July and hoped that the meeting would reach a consensus on extending the cut-off agreement, Reuters reported.
| http://www.lubonchem.com/ |
Fallich said earlier this month that OPEC was close to agreeing to extend the agreement beyond June, but still needed more negotiations with non-OPEC countries involved in the production agreement.
OPEC and Russia and other oil producers (OPEC+) have reached an agreement to reduce production by 1.2 million barrels per day from January 1. The agreement will end this month, and the organization will meet in the coming weeks to decide what to do next.
| Sodium Molybdate |
Fallich told reporters during the G20 Ministerial Conference on Energy and Environment held in Koizawa, northwest Tokyo: “We hope to reach a consensus on the extension agreement when we meet in Vienna in two weeks’time.”
Asked when the meeting would be held, he said, “Probably the first week of July.”
| Benzalkonium chloride |