OPEC, Non-OPEC Should Make Proposals For 2019 Oil Output Before December - Saudi Minister

ALGIERS (Pakistan Point News / Sputnik - 23rd September, 2018) Saudi Energy Minister Khalid Falih on Saturday urged the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel producers to work out proposals for 2019 oil production before the Vienna ministerial meeting in December.

"As we approach the end of the year, we must start working on our plans for collective action in 2019. We must use the remaining time before the ministerial meetings in December to prepare proposals for 2019 oil production," Falih said at the opening of the JMMC meeting in Algiers.

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) is discussing the implementation of a recently-agreed production boost of 1 million barrels per day on Sunday.