OPEC Sees Moderate Oil Bounce Even If Iran Won't Join Freeze
- 15-16 producers will attend Doha freeze talks on April 17
- Badri sees price rebound to moderate level as surplus fades
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OPEC expects oil prices to rebound to a “moderate” level even if Iran doesn’t join other producers in an agreement to freeze production.
About 15 or 16 nations will attend the freeze discussions in Doha, Qatar, on April 17, Abdalla El-Badri, secretary-general of the Organization of Petroleum Exporting Countries, said at a press conference in Vienna on Monday. While all members of the group have been invited, not all will attend and he didn’t know whether Iran will join in.