OPEC + countries canceled April meeting in Vienna

The member countries of the OPEC + agreement to reduce oil production have made a formal decision to cancel the ministerial meeting scheduled for April in Vienna. This was reported to Bloomberg by OPEC delegates who wished to be unnamed. According to them, the decision was made on the basis of the recommendation of the OPEC + Ministerial Monitoring Committee on March 18 to cancel the April meeting. The ministers agreed that market conditions are unlikely to change in the near future. It is reported that the committee will meet in Saudi Arabia in May. OPEC and OPEC + ministerial meetings will be held in Vienna in June, where the question of extending the OPEC + agreement for the second half of 2019 will be considered.

26.03.2019
Related news

The confidence of German entrepreneurs in the country's economy grew in March

The German entrepreneur confidence index was 99.6 points in March, having risen from 98.7 points in February, the Ifo Institute reported. The index showed growth for the first time after a six-month decline and turned out to be better than ...
26.03.2019

Citigroup improved its forecast for the average annual price of Brent for 2019

In the March review, Citigroup improved its forecast for the average annual price of Brent crude for the current year from $64 to $70 per barrel, Bloomberg reported. Citigroup experts expect that in the second quarter, this sort of oil will ...
26.03.2019

Qatar Airways has postponed the delivery of the Boeing 737 MAX

Airline Qatar Airways decided not to replenish its fleet with Boeing 737 MAX airliners in April of this year, announcing the cancellation of the planned delivery until the reasons for the crash of this plane in Ethiopia were determined. As ...
26.03.2019

The head of the Federal Reserve Bank of Chicago notes a slowdown in the US economy, but considers a recession unlikely

The head of the Federal Reserve Bank of Chicago, Charles Evans, in an interview with CNBC during the Asian Investment Conference, Credit Suisse, commented on financial market concerns about the inverted yield curve. He noted that the flat yield ...
26.03.2019

Discussion of e-commerce may slow down the signing of a US trade agreement with China

The signing of a trade agreement between the United States and China can be slowed down due to the difficulties encountered during the negotiations to resolve controversial issues in the field of e-commerce, sources familiar with the negotiations ...
26.03.2019
Error
Get in touch with us