OPEC-led Oil Cut Group Joined by 10-12 More Countries

Oil

An extra 10 to 12 oil-producing countries have been invited to join an Organization of the Petroleum Exporting Countries, OPEC-led output cut aimed at getting rid of a supply glut, Venezuela’s oil minister said on Wednesday.

Eulogio del Pino, speaking on a visit to Moscow, said the invited countries were in South America and Africa.

 

The OPEC-led supply cut at present covers 24 countries.