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(Updates table with estimated production)
Dec 7 (Reuters) - The Organization of the Petroleum Exporting Countries will meet non-OPEC nations in Vienna this weekend seeking their help in curbing a global oil supply glut in a bid to boost prices.
OPEC hopes producers outside the 13-nation bloc will add another 600,000 barrels-per-day in cuts on the heels of a landmark deal amongst members of the exporting group to cut production by around 1.2 million barrels per day (bpd) beginning in January.
So far five of the 14 oil-producing countries have officially confirmed that they will attend the meeting in Vienna, the first such gathering since 2002, on Dec. 10.
The following table shows which oil-producing countries are expected to be present at the meeting, as well as their estimated current and 2017 production:
Azerbaijan Yes 0.83 Nov 22 - Said expected 2017 output to
drop to 0.796 mln bpd Bahrain Likely 0.04 Bolivia Yet to 0.07 Most recent EIA estimate
confirm Brunei Yet to 0.125 Most recent EIA estimate
confirm Colombia Yet to 0.85 Output down 15.4 pct y/y in Oct
confirm Congo Yet to 0.025
confirm Egypt Yet to 0.49
confirm Kazakhstan Yes 1.51 Expects output to rise to 1.6 mln bpd
in 2017 Mexico Yes 1.94 Dec 1 - Ministry says to keep output
goal of 1.94 mln bpd in 2017 Oman Yes 1.00 Russia Yes 11.21 Says will cut gradually by 300K bpd Trinidad & Yet to 0.075 Tobago confirm Turkmenistan No 0.24 Uzbekistan Yet to 0.054
confirm
*Sources: Reuters; national oil ministries; EIA
(Reporting by Arpan Varghese and Nithin Prasad in Bengaluru, editing by David Evans/Ruth Pitchford) ((arpan.varghese@thomsonreuters.com; +91-80-6749-6382 / 1298)(If within U.S. call 651-848-5832)(; Reuters Messaging: arpan.varghese.thomsonreuters.com@reuters.net))
Dec 7 (Reuters) - The Organization of the Petroleum Exporting Countries will meet non-OPEC nations in Vienna this weekend seeking their help in curbing a global oil supply glut in a bid to boost prices.
OPEC hopes producers outside the 13-nation bloc will add another 600,000 barrels-per-day in cuts on the heels of a landmark deal amongst members of the exporting group to cut production by around 1.2 million barrels per day (bpd) beginning in January.
So far five of the 14 oil-producing countries have officially confirmed that they will attend the meeting in Vienna, the first such gathering since 2002, on Dec. 10.
The following table shows which oil-producing countries are expected to be present at the meeting, as well as their estimated current and 2017 production:
Azerbaijan Yes 0.83 Nov 22 - Said expected 2017 output to
drop to 0.796 mln bpd Bahrain Likely 0.04 Bolivia Yet to 0.07 Most recent EIA estimate
confirm Brunei Yet to 0.125 Most recent EIA estimate
confirm Colombia Yet to 0.85 Output down 15.4 pct y/y in Oct
confirm Congo Yet to 0.025
confirm Egypt Yet to 0.49
confirm Kazakhstan Yes 1.51 Expects output to rise to 1.6 mln bpd
in 2017 Mexico Yes 1.94 Dec 1 - Ministry says to keep output
goal of 1.94 mln bpd in 2017 Oman Yes 1.00 Russia Yes 11.21 Says will cut gradually by 300K bpd Trinidad & Yet to 0.075 Tobago confirm Turkmenistan No 0.24 Uzbekistan Yet to 0.054
confirm
*Sources: Reuters; national oil ministries; EIA
(Reporting by Arpan Varghese and Nithin Prasad in Bengaluru, editing by David Evans/Ruth Pitchford) ((arpan.varghese@thomsonreuters.com; +91-80-6749-6382 / 1298)(If within U.S. call 651-848-5832)(; Reuters Messaging: arpan.varghese.thomsonreuters.com@reuters.net))
