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Business / Energy

Informal OPEC meeting likely in Doha on Friday to build consensus - source

Published: 16 Nov 2016 - 10:33 am | Last Updated: 18 Nov 2021 - 12:51 am
Peninsula

Reuters

ALGIERS: An informal meeting of OPEC members is likely to be convened in Doha on Friday to build consensus over decisions taken by the group in September in Algiers, an Algerian energy source said.

At the September meeting, OPEC agreed on modest preliminary oil output cuts in the first such deal since 2008, with special conditions given to Libya, Nigeria and Iran, whose output has been hit by wars and sanctions.