OPEC, non-OPEC monitoring committee to meet next after March 17: Kuwait
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A committee set up to monitor oil output cuts by OPEC and non-OPEC producers will meet next after March 17 in Kuwait, Kuwaiti Oil Minister Essam Al-Marzouq told reporters following the committee’s first meeting in Vienna on Sunday.
VIENNA A committee set up to monitor oil output cuts by OPEC and non-OPEC producers will meet next after March 17 in Kuwait, Kuwaiti Oil Minister Essam Al-Marzouq told reporters following the committee’s first meeting in Vienna on Sunday.
A third meeting of the monitoring committee will be held ahead of OPEC’s May meeting, Al-Marzouq said.
Producers also agreed to form a technical committee to assist the five-member monitoring committee.
The output cuts are aimed at reducing oversupply which has weighed on oil prices since mid-2014.
(Reporting by Rania El Gamal- editing by Jason Neely)
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