OPEC members meet next Friday to install oil production levels

2016/8/23 16:47

{Int: Euphrates news} meets members of the Organization of petroleum exporting countries (OPEC) on the sidelines of the International Energy Forum, involving producers and consumers in Algeria from 26 to 28 September.

Sources say that OPEC will probably install talks production levels at its meeting with producers from abroad in Algeria.

Reference is made to the earlier agreement to install oil production between producers inside and outside OPEC collapsed in April, after Iran asked Saudi Arabia to participate therein, while Tehran then rejected the production installation, in order to regain market share after international sanctions early this year.