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Oil Minister: We will reach an agreement on production with our OPEC partners
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Oil Minister Thamir al-Ghadhban said on Friday he was confident that an agreement on oil production could be reached at OPEC.
"We are still discussing among ourselves, and Friday we will discuss with our partners outside of OPEC, and I am confident that the agreement can be reached," Ghadban said in an interview with Russian news agency Sputnik.
Al-Ghadhban confirmed his participation in the OPEC meeting this morning, saying: "Of course I will participate."
The meeting of the Ministerial Follow-up Committee in Vienna, on 5 December, recommended a reduction in oil production in the first half of 2019, but to date no specific reduction has been identified.
The issue was discussed at a conference of the Organization of Petroleum Exporting Countries on December 6 and will be followed by a ministerial meeting of the 25 countries participating in the OPEC + agreement.
International oil prices fell on Thursday morning, with cautious sentiment as European and Asian financial markets fell in anticipation of the meeting of the world's top crude exporters.
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