ECONOMY
18th OPEC and non-OPEC Ministerial Meeting to reconvene on 5 July
Baku, July 3, AZERTAC
“The 18th OPEC and non-OPEC Ministerial Meeting has been adjourned for today and will resume on Monday, 5 July 2021, at 15:00 (CEST) via videoconference,” the Organization of Petroleum Exporting Countries (OPEC) said in a statement.
The OPEC+ countries on Friday failed to reach an agreement extending the oil cuts deal and the volume of output limitations.
During the 17th OPEC+ Ministerial videoconference, member countries affirmed commitments to keep a stable oil market, highlighting the importance of ongoing rebalancing efforts. The production commitments of OPEC+ countries were set as 6.5 million barrels for May, 6.2 million barrels for June and 5.76 million for July. Azerbaijan has also agreed to keep the plan for maintaining the commitments of daily oil output cut for the participants of the Declaration of Cooperation at 5.76 million barrels in force in July.
FEEDBACK
Other news in this section
- 29.08.2023 [10:41]
Oil prices fall in world markets
- 29.08.2023 [10:34]
Azerbaijani oil price sells for $88.56
- 28.08.2023 [16:41]
Shah Deniz celebrates 200 billion cubic metres of total gas production
- 28.08.2023 [10:49]
Oil prices rise in world markets
- 26.08.2023 [10:53]
Azerbaijani oil price exceeds $88
- 26.08.2023 [10:36]
Oil prices rise in world markets
- 25.08.2023 [11:00]
Azerbaijani oil price drops in world markets
- 25.08.2023 [10:21]
Oil prices rise in world markets
- 24.08.2023 [10:57]
Oil prices fall in world markets
FIFA President invited for COP29
- [20:46]
Türkiye releases official results for local elections
- 06.05.2024 [23:46]
Inoue knocks out Nery to defend unified super bantamweight title
- 06.05.2024 [23:13]
Turkish fighter jet KAAN successfully conducts 2nd test flight
- 06.05.2024 [23:03]
Azerbaijan, OSCE discuss bilateral cooperation
- 06.05.2024 [21:25]
Baku-hosted COP29 could contribute to global peace
- 06.05.2024 [20:52]
Turkish National Defense University delegation visits Azerbaijan
- 06.05.2024 [20:39]
Azerbaijan, Iraq explore prospects for bilateral relations
- 06.05.2024 [20:23]
Slovak Prime Minister arrives in Azerbaijan for official visit
- 06.05.2024 [19:36]
Senior Azerbaijani taekwondo fighters to vie for European medals in Belgrade
- 06.05.2024 [19:23]
People in Türkiye celebrate spring festival
- 06.05.2024 [18:44]
Baku elected as World Capital of Sport 2026 VIDEO
- 06.05.2024 [18:32]
Chinese and Korean shooters shine in Baku
- 06.05.2024 [18:24]
AZAL's extensive summer flight program to around 60 destinations
- 06.05.2024 [18:22]
Azerbaijan highlights tourism opportunities at ATM Dubai 2024 exhibition
- 06.05.2024 [18:02]
“Jabbar Hashimov” tanker commissioned after overhaul
- 06.05.2024 [18:01]
Nepal court orders limit on Everest climbing permits
- 06.05.2024 [18:00]
Democratic leader Jeffries: "Pro-Putin faction" in GOP delayed Ukraine aid
- 06.05.2024 [17:19]
“Model OIC IR Academy 2024” starts
- 06.05.2024 [17:15]
Azerbaijan, Bangladesh discuss cooperation
- 06.05.2024 [16:57]
Heatstroke kills 15 people in 14 days in Bangladesh
- 06.05.2024 [16:46]
Azerbaijani swimmers shine with nine medals in Russia
- 06.05.2024 [16:45]
Azerbaijan presents its cuisine in Turkmenistan
- 06.05.2024 [16:44]
Death toll rises to 78 in Brazil as heavy rains continue
- 06.05.2024 [16:07]
Liverpool beat Tottenham Hotspur 4-2 at Anfield
- 06.05.2024 [16:06]
Ministry of Defense: Reservists' training session continues
- 06.05.2024 [16:00]
EURAS President conducts master class at BHOS
- 06.05.2024 [15:02]
Tesla suing Indian company for using its name
- 06.05.2024 [15:00]
Schools closed in India's Manipur amid heavy rains
- 06.05.2024 [14:57]