“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.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.