"OPEC-Non-OPEC Production Cut Extension Meeting Scheduled for the 6th"

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Yoo Je-hoon] A virtual ministerial meeting of major oil-producing countries, including the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries, is scheduled to be held on the 6th (local time), the Russian TASS news agency reported on the 5th, citing sources participating in the talks.

According to the report, the source said, "Preparations for the meeting have begun, and OPEC countries are scheduled to gather at 2 PM Vienna time, while non-OPEC countries will meet at 4 PM," adding, "It will be a long and tough night." The source also elaborated that the main agenda of this meeting will be the extension of the agreement to cut production by 9.7 million barrels per day beyond this month.

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