OPEC Discussing Whether to Hold Urgent Meeting, Kuwait Says

OPEC members are discussing whether to hold an emergency meeting and any decision on increasing oil output would be taken then, Kuwait’s oil minister said.

“I’ve talked to Abdalla El-Badri in this regard and he is calling everybody and making a consensus on whether we’ll need an OPEC meeting, an urgent meeting,” Sheikh Ahmad al-Abdullah al-Sabah told reporters in Kuwait City today. El-Badri is the secretary general of the Organization of Petroleum Exporting Countries.