The 19th OPEC and non-OPEC ministerial meeting will take place on Sunday 18 July. Earlier this was reported by sources, now the information is confirmed by OPEC.
The conference will be held in video communication mode, starting at 13:00 Moscow time. According to TASS, key disagreements between members of the organization have been resolved.
This week, Reuters reported that OPEC + countries are close to reaching a compromise with the United Arab Emirates (UAE), which has blocked agreements on new production levels. The UAE has denied reaching a compromise on the OPEC + deal. The UAE Ministry of Energy said that consultations on the oil deal are still ongoing.
Read more in the publication of Kommersant “OPEC + is preparing to pour.”