Qatar will host OPEC meeting on Thursday

By
October 16, 2006 01:53

Qatar confirmed Sunday that it will host a meeting of the Organization of Petroleum Exporting Countries on Thursday. Qatar's Energy Minister Abdullah bin Hamad al-Attiyah told reporters that ministers at the OPEC meeting would review the market situation and discuss production quotas. Al-Attiyah told the Qatar News Agency that OPEC members also will talk about "the possibility of reducing total oil output by 1 million barrels a day to stop any further decline in prices." Last week, OPEC President and Nigeria Oil Minister Edmund Daukoru said members had agreed to trim global production by 1 million barrels a day to boost prices. At the time, Daukoru also said the group was considering holding an emergency meeting to discuss how to share the cuts.


Related Content

June 17, 2018
Are Netanyahu’s messages to the Iranians working?

By HERB KEINON