Oil ministers from the group's 14 countries were gathering in Vienna on Thursday as energy producers were taking a hit from a 25% slide in crude prices since January.
In December, OPEC oil-producing countries and Russia, which participates in the talks, agreed to cut production by 1.7 million barrels per day, up from the 1.2 million barrel per day cut they had been observing for the previous three years. He noted, however, that Russia - which is not part of OPEC and would join the discussions on Friday - "would resist until the last moment" any production cuts.
Well, there goes Turdy’s oil supply!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: