OPEC meeting kicks off in Vienna
Baku, Azerbaijan, Nov.30
By Leman Zeynalova – Trend:
The meeting of OPEC to reach a deal on oil production kicked off in Vienna Nov.30.
The 14-country group, which accounts for a third of global oil production, made a preliminary agreement in Algiers in September to cap output at around 32.5-33 million bpd versus the current 33.64 million bpd to prop up oil prices, which have halved since mid-2014.
How much each country will produce is to be decided at the ongoing OPEC meeting in Vienna.