Energy

Oil producer meeting on output freeze likely to be in mid-April

A worker checks the valve of an oil pipe at Nahr Bin Umar oil field, north of Basra, Iraq.
Essam Al-Sudani | Reuters

OPEC and non-OPEC producers are likely to hold their next meeting on a plan to freeze output levels in a bid to support prices in mid-April in Doha, three OPEC sources said on Monday.

An earlier plan was to meet on March 20 in Russia, but sources familiar with the matter said last week this was unlikely to take place.

US oil closes at $37.18, down $1.32, or 3.4 pct