The High Level Committee of experts will meet again in Vienna on Nov. 25 ahead of the next meeting of OPEC ministers on Nov. 30, to "finalise individual quotas", one source said. They will also meet as scheduled on Saturday with representatives of non-OPEC producers, which OPEC wants help from in curbing supplies.
KUWAIT CITY: Venezuela, Iraq and Oman added their support for a possible extension of global oil-production cuts beyond June as momentum builds among Opec members and other crude producers to prolong the strategy to re-balance the market and prop up prices.
Oil minsters for the three countries commented yesterday, a day after Algeria’s Energy Minister Noureddine Boutarfa called for an extension because he said the strategy is succeeding in paring global inventories.
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