Only five non-OPEC countries have sent representatives to a meeting of OPEC and non-OPEC oil market experts that began on Wednesday at the petroleum exporter group’s Vienna headquarters. <\/p>\n
The Organization of the Petroleum Exporting Countries had invited eight non-member nations including Russia for talks on the market. <\/p>\n
Of the non-OPEC countries invited, Mexico, Russia, Colombia, Kazakhstan and Brazil are understood to have sent representatives. <\/p>\n
Non-OPEC producers have refused to work with OPEC in cutting supply to reduce a surplus that has prompted oil prices to sink to below $50 a barrel from $115 in June 2014. <\/p>\n
In turn, OPEC has refused to limit supply alone and many of its members have raised output. <\/p>\n
The meeting is not expected to increase the prospect of cooperation on supply curbs or show much support for a price band proposed by OPEC member Venezuela. <\/p>\n
“There will be an exchange of views, discussion of the market and the OPEC secretariat’s presentation, but I don’t think there will be an agreement to coordinate,” an OPEC delegate said. <\/p>\n
OPEC’s next meeting to set policy is scheduled for Dec. 4. <\/p>\n","protected":false},"excerpt":{"rendered":"
Only five non-OPEC countries have sent representatives to a meeting of OPEC and non-OPEC oil market experts that began on Wednesday at the petroleum exporter group’s Vienna headquarters. The Organization of the Petroleum Exporting Countries had invited eight non-member nations including Russia for talks on the market. Of the non-OPEC countries invited, Mexico, Russia, Colombia, Kazakhstan and Brazil are understood to have sent representatives. Non-OPEC producers have refused to work with OPEC in cutting supply to reduce a surplus that has prompted oil prices to sink to below $50 a barrel from $115 in June 2014. In turn, OPEC has […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-38643","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/38643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=38643"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/38643\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=38643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=38643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=38643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}