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Friday, 19 May 2017

OPEC panel looking at deepening, extending oil cuts: sources | Reuters

OPEC panel looking at deepening, extending oil cuts: sources | Reuters:

"An OPEC panel reviewing scenarios for next week's policy-setting meeting is looking at the option of deepening and extending an OPEC-led deal to reduce oil output, OPEC sources said on Friday.

OPEC's national representatives - officials representing the 13 member countries - plus officials from OPEC's Vienna secretariat met on Wednesday and Thursday to discuss the market.

The meeting of the Economic Commission Board was scheduled to finish on Thursday but will conclude later on Friday, two OPEC sources said."



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