Opec, non-Opec producers to meet in Doha on April 17

Statement said that to date, around 15 Opec and non-Opec producers, accounting for about 73 per cent of global oil output, are supporting this initiative.

Opec and non-Opec producers will hold a meeting in the Qatari capital on April 17, the Qatari energy minister, who is also the current Opec president, said on Wednesday.

“This comes as a follow-up to the meeting that was held last month in Doha between Qatar, Saudi Arabia, Russia and Venezuela at which they proposed an accord to freeze oil output at January 2016 levels and called on other producers to do so,” the minister, Mohammed Bin Saleh Al-Sada, said in a statement.

The statement said that to date, around 15 Opec and non-Opec producers, accounting for about 73 per cent of global oil output, are supporting this initiative.

Kuwait will take part in the meeting according to acting oil minister, Anas al-Saleh, who is also the finance minister.

He said in a statement that the Doha meeting aims to “complete consultations for the stability of the oil market and prices”.

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