Fire of fuel tank kills 123 people in Pakistan - TVWorld June 25, 7:58
Muslims worldwide celebrate Eid al-FitrSociety & Culture June 25, 5:18
Mexico knocks out Russia from FIFA Confederations Cup with 2-1 win in KazanSport June 24, 19:59
Putin visits Crimean youth camp ArtekSociety & Culture June 24, 19:42
Conflict around Qatar should be settled by diplomatic means - source at Foreign MinistryRussian Politics & Diplomacy June 24, 16:44
More than 237,000 fans attend Confederations Cup matches already - Deputy PM MutkoSport June 24, 15:03
Sistema's president hopes for dialogue with Rosneft on settlement agreementBusiness & Economy June 24, 14:56
CNN deletes article about meeting between Scaramucci and Russian Direct Investment FundWorld June 24, 13:12
Ukrainian Army units shell Donetsk Republic in first hours of newceasefireWorld June 24, 5:19
VIENNA, December 10. /TASS/. Ministers from countries outside of OPEC negotiate final parameters of the agreement on reduction of oil production, a delegate participating in the meeting told TASS.
"As for the agreement, it is almost ready. Ministers are finalizing positions in one-on-one talks," he said.
The ministerial meeting of OPEC and non-OPEC countries is held in Vienna. So far, the media give contradictory reports on volume of production cuts that are being discussed behind closed doors. The range of values according to different sources ranges from 550,000 to 635,000 barrels per day. According to the data published on the Twitter account of the Ministry of Petroleum of Nigeria, countries - oil producers outside of OPEC agreed to cut production by a total of 612,000 barrels per day.
Ministers from countries members of OPEC and the countries outside of the organization meet in Vienna to discuss stabilization of the oil market. The meeting is attended by 12 non-OPEC countries.
On November 30, OPEC countries agreed to cut oil production to 32.5 mln barrels per day, which means those countries will reduce their daily average output by 1.164 mln barrels starting January 1, 2017.
Russian Energy Minister Alexander Novak told reporters earlier that he sees no risks of agreement’s failure and that Russia will abide by its commitments to reduce oil production by the 300,000 barrels per day.