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OPEC meeting to review output cut levels - Minister

OPEC meeting to review output cut levels - Minister
The Organization of the Petroleum Exporting Countries (OPEC)

Mubasher: A meeting will be held on Monday in Saint Petersburg, Russia, as members of the Organization of the Petroleum Exporting Countries (OPEC) alongside non-OPEC major producers will assess conformity with a recent output cut resolution.

Oil ministers of OPEC and non-OPEC producers will look into a report by the joint technical committee regarding the compliance with the output cut levels for June 2017, Kuwaiti oil minister, Essam Al Marzouq told Kuwait News Agency (KUNA) on Friday.

The committee will also review an OPEC report on the situation of the global oil market in June, in addition to more relevant suggestions by member states, the minister added.

At the end of the meeting, the joint committee will send a report to member states on the outcomes of Saint Petersburg meeting, mainly proposals and recommendations, the Kuwaiti minister noted.