OPEC oil ministers to meet informally in SeptemberStaff Writer | August 8, 2016
OPEC has announced that oil ministers of the 14-nation organization will meet in September, well ahead of their previously scheduled November meeting.
Oil production The cost of a barrel of oil has been stuck
OPEC headquarters in Vienna says the meeting will be held in Algeria on the sidelines of the 15th International Energy Forum grouping 75 fossil energy producing and consuming countries as well as transit nations for oil and gas.
The cost of a barrel of oil has been generally stuck in a range between $40-$50 a barrel for more than a year, less than half of what a barrel fetched three years ago. ■