Gulf states back Riyadh’s call for emergency producers meeting – The National

Gulf states back Riyadh’s call for emergency producers meeting – The National

Iraq, Opec's second-largest producer said a future pact should include producers outside the alliance such as the US, Canada and Norway. Gulf states backed Saudi Arabia's plans to meet for an emergency Opec+ meeting that could include the US, the world's largest producer for the first time, as oil continued to fall.. The UAE is "confident that, if an agreement can be reached, all producing countries will work quickly and cooperatively to address the weak demand for oil in global markets, helping to re-balance the market and maintain global oil inventories at reasonable levels".. His comments come as the world's top oil producers rush to contain a rout in oil prices, which rounded off the worst quarter on record.. and its current efforts in bringing back Opec and non-Opec countries to the table," oil minister Khaled Al Fadhel told Reuters. ". We always welcome efforts to stabilise the market for the benefit of producers and consumers.. We are being proactive and many countries are working hard on it to make it a success.". Prices fell again during early trading on Monday.. On Saturday, Saudi Arabia dismissed remarks attributed to Russian President Vladimir Putin that the kingdom was responsible for the