Vienna NEWS

The Republic of Congo has made the latest entry in the list of OPEC member. The country’s membership was approved by the cartel yesterday during the 174th Ordinary Meeting of OPEC. Congo was amongst 11 non-member countries that stood with OPEC’s decision to cut oil production, back in 2017. The African country has expressed gratitude towards the Secretary of General of OPEC, and all the members of OPEC.

OPEC ministers have come together for a meeting today in the Austrian capital, Vienna, so as to decide on the increment in oil production of the member countries. The meeting kicked off an hour late, owing to a private bilateral talk between Saudi Arabia and Iran. Saudi Energy Minister made it clear in a talk with reporters that he would stand with his one-million-barrel-a-day proposal, although the boost would be a gradual one.