Angola oil minister sees chance that oil body may decide on output cap

Botelho de Vasconcelos told reporters that an oil price of $60 was not bad, but "$80 would be better."

Angola oil minister sees chance that OPEC may decide on oil output cap

Angolan Oil Minister Jose Botelho de Vasconcelos said on Thursday he believed there was a possibility that he and his OPEC counterparts could reach a decision on a possible ceiling on the group's crude output.

Oil ministers from the Organization of the Petroleum Exporting Countries meet on Thursday in Vienna.

Several OPEC sources said on Wednesday Saudi Arabia and its Gulf allies would propose to set a new collective ceiling in an attempt to repair OPEC's waning importance and end a market-share battle that has sapped prices and cut investment.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Ex-PDP Chairman’s son clinches party’s Rep. ticket

Ex-PDP Chairman’s son clinches party’s Rep. ticket

Gunmen attack Kwara APC House of Reps aspirant

Gunmen attack Kwara APC House of Reps aspirant

APC approves revised timetable for 2023 primaries

APC approves revised timetable for 2023 primaries

Senatorial Primaries: Adewale emerges PDP candidate for Lagos West

Senatorial Primaries: Adewale emerges PDP candidate for Lagos West

Wike, Makinde, Ortom meet Obasanjo ahead of presidential primaries

Wike, Makinde, Ortom meet Obasanjo ahead of presidential primaries

PDP Primaries: Ortom wins senatorial ticket as serving Ondo senator loses

PDP Primaries: Ortom wins senatorial ticket as serving Ondo senator loses

If I become president, any govt official that spends dollars will be jailed -Peter Obi

If I become president, any govt official that spends dollars will be jailed -Peter Obi

Rubber producers present life crocodile to Obasanjo, say they can’t give him money

Rubber producers present life crocodile to Obasanjo, say they can’t give him money

Presidential ambition: Emefiele withdraws suit against INEC, AGF

Presidential ambition: Emefiele withdraws suit against INEC, AGF