3 December 2020 - 18:22
  • News Code: 310333
12th OPEC+ Meeting Kicks off

TEHRAN (Shana) -- The 12th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies began a few minutes ago via video conference.

The meeting, which was originally scheduled for Tuesday, December 1, was postponed to today, Thursday, December 3, for further talks between OPEC and non-OPEC members.

"Consensus in decision-making requires patience and negotiation," Iranian Minister of Petroleum Bijan Zangeneh said after the 180th OPEC meeting on November 30.

Oil prices rose on the eve of the meeting, and the price of a barrel of Brent crude oil benchmark went above $48 per barrel, which is the highest figure since March.

News Code 310333

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