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Opec could meet earlier over slump in oil prices

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Dubai - The 13 members of the Organisation of Petroleum Exporting Countries (Opec) will soon make efforts to convene before the next scheduled meeting in June as the slump in oil prices is hurting producers, including the world’s biggest exporter, Saudi Arabia, said Emmanuel Kachikwu, Nigeria’s minister of state for petroleum resources.

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Opec will work toward meeting in early March, Kachikwu said in an interview in Abu Dhabi on Tuesday. Members are already engaged in informal discussions with some non-Opec producers, including Russia, to join any future production cut to shore up prices, he said.

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