Oil producing constructions did not manage to sign an agreement to freeze oil production at the January level following six hours of negotiations in Doha on Sunday, but they might hold another round of negotiations in June, Nigerian Minister of State for Petroleum Resources Emmanuel Ibe Kachikwu told reporters.OPEC and non-OPEC members will probably hold negotiations in June, he said.
Participants in the meeting, including the Nigerian minister and Oman Oil and Gas Minister Muhammad al-Rumhi, said countries need more time to agree on the conditions of an oil production freeze.
