The ministerial meeting of major oil-producing countries will decide whether to reduce production today.

[ministerial meeting of major oil-producing countries will decide today whether to reduce production]-- the Organization of Petroleum Exporting countries (OPEC) held a ministerial meeting in Vienna on 3 June local time. It is reported that the oil-producing countries, led by Saudi Arabia, hope to push for further cuts in crude oil production at the meeting to boost international oil prices by reducing production by 1 million barrels a day. However, at the meeting on the same day, the delegates did not discuss this, and this issue needs to be discussed with Russia, a major oil producer of non-OPEC, at the meeting on the 4th before a final decision will be made.