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OPEC to discuss oil production freeze roadmap in November — source

November 14, 2016, 18:38 UTC+3 MOSCOW
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MOSCOW, November 14. /TASS/. The meeting of the OPEC special committee to discuss the roadmap of the oil production limiting mechanism is postponed to November 21-22. The meeting with non-OPEC countries, including Russia, will be held on November 28, two sources close to preparation of the meeting told TASS on Monday.

"The meeting of OPEC and non-OPEC countries is postponed to November 28. The OPEC technical meeting is also shifted to November 21-22," the source said.

The meeting of the special committee and the meeting with non-OPEC countries participating in oil production limiting talks were earlier scheduled to November 25-26.

On October 28-29, Vienna hosted the first meeting of the OPEC special committee but no specific recommendations were developed at that time. During an informal meeting at the 15th International Energy Forum in Algeria on September 28, the OPEC member-countries reached an agreement on limiting oil production to 32.5-33.0 million barrels per day.

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