Friday 7 September 2018

OPEC, non-OPEC panel to discuss sharing oil-output boost | Reuters

OPEC, non-OPEC panel to discuss sharing oil-output boost | Reuters:

An OPEC and non-OPEC technical committee will later this month discuss proposals for sharing out an oil-output increase, sources familiar with the matter said, a tense topic for the producer group after it decided in June to ease supply curbs.

A panel called the Joint Technical Committee will on Sept. 17 consider proposals on distributing the agreed output increase of 1 million barrels per day, the sources said. The discussion had earlier been planned for next Tuesday.

“The talks will look at various mechanisms” to reach the required production level, a source said.

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