OPEC To Hold Informal April Meeting In Rome

The Organization of Petroleum Exporting Countries will hold an informal meeting on the sidelines of an oil producer-consumer conference in Rome later this month to discuss whether current oil market developments warrant calling a special session to consider adjusting output, OPEC sources said Tuesday.

OPEC ministers, when they last met in Vienna in early March, decided to keep production unchanged and meet next in September but agreed to talk again unofficially at the International Energy Forum, which is scheduled for April 20-22 in Rome.


“A meeting is planned,” an OPEC governor told Dow Jones Newswires. “They will informally discuss developments in the oil market…and see whether it’s necessary to hold an extraordinary meeting.”

A senior OPEC delegate said OPEC ministers might meet on April 19 and “they will assess the market situation and release a statement on where OPEC stands from the prices and inventory levels and other issues.”

RigZone