Oil prices wavered between small gains and losses in European trade on Monday, ahead of a highly-anticipated meeting of some oil ministers from OPEC and non-OPEC producers, who are gathering to discuss compliance with the cartel's deal to cut production.
The monitoring committee meeting in St. Petersburg, Russia, includes OPEC members Kuwait, Algeria and Venezuela as well as non-OPEC countries Russia and Oman. Other ministers, from Saudi Arabia and elsewhere, could also participate as observers.
Market experts believe the ministers will likely recommend maintaining the policy of holding back output at current levels, but efforts will be made to bring Nigeria and Libya into the framework due to the recent recovery of their production. For More Information About Commodity Trading Tips Please Visit : www.paceresearchindia.com and Call: 8817774774
The monitoring committee meeting in St. Petersburg, Russia, includes OPEC members Kuwait, Algeria and Venezuela as well as non-OPEC countries Russia and Oman. Other ministers, from Saudi Arabia and elsewhere, could also participate as observers.Market experts believe the ministers will likely recommend maintaining the policy of holding back output at current levels, but efforts will be made to bring Nigeria and Libya into the framework due to the recent recovery of their production. For More Information About Commodity Trading Tips Please Visit : www.paceresearchindia.com and Call: 8817774774
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