OPEC and Russia To Meet on March 20 to Talk Oil Output Freeze

March 9, 2016 Share Print 0

“The meeting in Moscow, expected to be held on March 20 between the largest oil producing countries inside and outside OPEC, will discuss a plan to freeze production level,” Deputy Oil Minister Fayadh al-Nema said, according to the Baghdad-based newspaper.

Iraq “is prepared to cooperate to discuss a plan to freeze production levels with the most prominent oil producers in the world and to guarantee that Russia and Saudi Arabia, the biggest oil producers and exporters, will sit at the negotiating table,” he said.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.