Media: OPEC and non-OPEC countries to meet in Moscow on Dec. 10

The OPEC agreed to cut oil output to 32.5 milion barrels per day for the first time in eight years.

The OPEC agreed to cut oil output to 32.5 milion barrels per day for the first time in eight years.

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Sides will discuss the oil production cut

Moscow will see the meeting of OPEC and non-OPEC countries to discuss the oil production cut on Dec. 10, Reuters reported on Dec. 2 citing OPEC sources.

Bloomberg also said earlier today the OPEC and non-OPEC meeting may be in Moscow on Dec. 10.

The OPEC agreed on Nov. 30 to cut oil output to 32.5 milion barrels per day for the first time in eight years. The OPEC countries will reduce the average daily oil production by 1.164 milion barrels.

The non-OPEC countries are expected to cut oil production by 600,000 barrels daily from 2017, including 300,000 barrels per day from Russia.

Source: TASS

Read more: Did Russia play a role in OPEC's decision to cut production?

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