GENEVA — Mexico and four other independent oil-producing nations stung by the collapse of oil prices told pleading OPEC leaders today that they wanted to help the beleaguered cartel reverse the market's slide but gave no commitments.
After a first round of talks, the two groups said they had agreed only on the need to impose new limits on their production to prop up prices.
"We're in the same boat," Iranian oil minister Gholamreza Aghazadeh told reporters during a break in the talks.
Oil ministers from the 13 members of the Organization of Petroleum Exporting Countries met briefly with representatives from Mexico, Malaysia, Egypt, Oman and Angola. After a recess, the cartel assigned five ministers to continue the talks with the five non-OPEC emissaries.
During the break, the head of the Malaysian delegation, Datuk Rastum Hadi, told reporters that he was not authorized to commit Malaysia to specific cuts in oil production.