The organization of petroleum exporting countries OPEC and non opec members are having joint meetings on extending global crude oil supply cut to nine months or more so as to give oil price a rebalance and not to experience crude oil price fall by January next year. Opec has planned to peg oil price not to go below $60 per barrel but countries like the United States are not making it a full reality.
Two French ministers and two contractors has been killed in a plane crash in Malta. The plane nose-dived to the ground and burst into flames few minutes after take-off The plane was a surveillance aircraft that was heading for the Mediterranean Sea and the French defense minister Jean yves le drian says this is one of the French government efforts to track down on illicit trafficking and drugs. The French government have sown to properly investigate the cause of the plane accident that led to the loss of French officials.
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