Some OPEC ministers will probably meet in Doha on Friday
On Friday, a number of energy ministers from OPEC oil-producing countries will most probably meet informally in Doha for the purpose of building consensus over decisions taken by the full group in September in Algiers, as an Algerian energy source stated.
At the September gathering OPEC agreed on moderate, preliminary, crude output cuts in the first such deal since 2008, and with special conditions granted Nigeria Libya and Iran, whose production has been affected by wars and sanctions.
Doha this week is hosting a gathering of the Gas Exporting Countries Forum or simply GECF. On Tuesday, Industry sources reported that the Saudi Arabian as well as Russian energy ministers might have a meeting on the sidelines of the forum.
The GECF unites up to 12 countries including Russia as well as OPEC members Algeria and Iran. By the way, Saudi Arabia doesn’t appear to be a member, though Energy Minister Khalid al-Falih was due to travel to Doha this week for gatherings with peers.