OPEC will soon make efforts to convene before the next scheduled meeting in June as the slump in oil prices is hurting producers, including the world’s biggest exporter, Saudi Arabia, said Emmanuel Kachikwu, Nigeria’s minister of state for petroleum resources. The 13 members of the Organization of Petroleum Exporting Countries will work toward meeting in early March, Kachikwu said in an interview in Abu Dhabi on Tuesday. Members are already engaged in informal discussions with some non-OPEC producers, including Russia, to join any future production cut to shore up prices, he said. “We are definitely looking at a time frame in very early March,” Kachikwu said. “You will very necessarily have to have an OPEC meeting” because the group first has to meet and decide on its position before having formal meetings with other producers to coordinate a cut, he said. Benchmark Brent crude closed at $43 a barrel […]