OPEC set to include Indonesian output, hope of non-OPEC talks fade


  • World
  • Tuesday, 01 Dec 2015

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, August 21, 2015. REUTERS/Heinz-Peter Bader

VIENNA (Reuters) - OPEC is set to debate a technical increase of its production ceiling later this week to accommodate returning member Indonesia, delegates said on Monday, while hopes of a meaningful dialogue with rival non-OPEC members all but faded.

Indonesia asked OPEC this year to renew its membership, aiming to benefit from closer ties with oil producers. Some in the cartel say that Indonesia can offer insights in to oil consumers' views as it is now a net oil importer.

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