VIENNA (Reuters) - The Organization of the Petroleum Exporting Countries gathers this Friday in the Austrian capital, with delegates expecting a tough meeting as oil hovers near $45 a barrel.
Following are comments from OPEC ministers and other officials so far this week:
SAUDI ARABIA
Saudi oil minister Ali al-Naimi, seen as the architect of OPEC's strategy of defending market share, promised to listen to other OPEC members at Friday's meeting. "We will be there, we will listen and then decide."
Also Read
VENEZUELA
Venezuelan president Nicolas Maduro in a speech reiterated his hopes for OPEC action. "Our (oil) minister Eulogio del Pino will put forth a very clear proposal to respect production ceilings ... and examine a 5 percent cut in production," he said.
IRAN
Iran's oil minister had sent a letter to the head of OPEC urging members to stick to the group's production ceiling, news agency Mehr reported. "While production is supposed to be 30 million barrels a day, it has reached around 31.3 million barrels a day," the agency quoted Iran's OPEC representative Mehdi Asali as saying.
ECUADOR
Ecuador's oil minister, asked if he sees an improved oil market next year, said "Yes, I think so."
(Reporting by OPEC newsroom)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
