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OPEC, non-OPEC countries to meet in Moscow on December 10 — media

December 02, 2016, 16:08 UTC+3
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MOSCOW, December 2. /TASS/. Moscow will see the meeting of OPEC and non-OPEC countries to discuss the oil production cut on December 10, Reuters reported on Friday citing OPEC sources.

Bloomberg also said earlier today the OPEC and non-OPEC meeting may be in Moscow on December 10.

The OPEC agreed this week to cut oil output to 32.5 mln barrels per day for the first time in eight years. The OPEC countries will reduce the average daily oil production by 1.164 mln barrels.

The non-OPEC countries are expected to cut oil production by 600,000 barrels daily from 2017, including 300,000 barrels per day from Russia.

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