MOSCOW (Sputnik) — The three major oil producers, who are not OPEC member states, last met with members of the oil exporting cartel in Doha on April 17, in a failed bid to put through a February decision on capping oil production. The output freeze is expected to be brought up again at the talks in the Austrian capital.
"These countries have been intent on reaching a compromise. We have agreed to continue consultations, we will discuss agreements in Vienna in June. All these countries – Russia, Oman, Azerbaijan – will be invited and we hope to see them there," Del Pino said.
Oil prices have plunged more than 60 percent from their peak of $110 a barrel in June 2014 amid fears that the global oil production was outpacing the world’s demand.