OPEC to discuss oil extraction freezing until June – President of Venezuela

​OPEC and the countries not-members of OPEC will discuss the issue of oil extraction freezing until June, the President of Venezuela, N. Madoro, said.

The meeting will be held in the coming days. The obligation to freeze extraction at least until June will be confirmed. Mr. Madoro said that the parties will also discuss various suggestions upon the market recovery made by Venezuela.

Russia is ready to participate in the meeting. Currently various variants of holding the meeting are being worked out. There is no final decision as yet.