Oil-producing countries to meet in Moscow
The meeting of oil producing countries will be held in Russia on March 20, Bloomberg reported citing Nigeria’s Oil Ministry.
Earlier, Russia’s Energy Minister Alexander Novak said that his country will agree with OPEC and non-OPEC countries to meet in March to discuss the output freeze deal.
Russia, Saudi Arabia, Qatar and Venezuela have agreed to freeze the oil production at the January levels, if the others follow the suit. Later, Ecuador, Algeria, Nigeria, Oman, Kuwait and the United Arab Emirates expressed readiness to join this initiative. Iran and Iraq have just expressed support to the steps for improving the situation on the oil market, avoiding promises to join the deal.
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