Gulf OPEC members eye joint action on oil output - source

 01 Jun 2016 - 12:24

Gulf OPEC members eye joint action on oil output - source

VIENNA: Gulf OPEC countries are seeking coordinated action by the producer group to help stabilise oil markets, a senior OPEC source told Reuters.

The Organization of the Petroleum Exporting Countries holds a regular meeting on Thursday. Earlier this year, a global initiative to freeze production was rejected by Saudi Arabia, which said it would act only if rival Iran participated. 

Reuters