VIENNA (Reuters) - A committee set up to monitor oil output cuts by OPEC and non-OPEC producers will meet next after March 17 in Kuwait, Kuwaiti Oil Minister Essam Al-Marzouq told reporters following the committee’s first meeting in Vienna on Sunday.
A third meeting of the monitoring committee will be held ahead of OPEC’s May meeting, Al-Marzouq said.
Producers also agreed to form a technical committee to assist the five-member monitoring committee.
The output cuts are aimed at reducing oversupply which has weighed on oil prices since mid-2014.
Reporting by Rania El Gamal; editing by Jason Neely