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OPEC, other oil producers to discuss Qatar's OPEC exit – Mr Novak

Gasoil News - Published on Wed, 05 Dec 2018

Image Source: Wall Street Journal
Russian Energy Minister Alexander Novak said that the Organization of the Petroleum Exporting Countries and other leading oil producers will on Wednesday discuss Qatar's move to leave the group. OPEC and other global oil producers are holding meetings in Vienna later this week to decide on future strategies for the oil market. Novak declined to reply to questions about possible production cuts.

Qatar said on Monday it will quit OPEC to focus on gas in a swipe at Saudi Arabia, the de facto leader of the oil exporting group which is trying to show unity in tackling an oil price slide.

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Posted By : Joykumar Irom on Wed, 05 Dec 2018
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