Vienna: Top oil producing countries will meet via video conference on Saturday instead of next week, a source close to OPEC said on Friday, to assess their current agreement on output cuts, as oil prices recovered somewhat on easing coronavirus lockdowns.
OPEC´s 13 members led by Saudi Arabia, and their 10 allies that include Russia, had originally been due to meet June 9 and 10.
But Algeria, which currently chairs the Vienna-based organisation, proposed a change of date intended, according to analysts, to better synchronise the decisions of oil producers with the timing of transactions on the oil market.
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