Four delegates of the Organization of Petroleum Exporting Countries (OPEC), told Bloomberg that they had not heard about the plans for negotiations with Russia, which will be discussed a possible reduction in oil production. The preparation of such a meeting earlier confirmed the head of the Russian Ministry of Energy Alexander Novak.
One of the delegates said that Saudi Arabia at the previous meetings did not offer to reduce the quota by 5%, as previously stated Novak. “When we were at the previous meetings [OPEC], it was not about Russia but the whole of the countries that produce oil, it is roughly the parameters and heard”, – he said. Save this proposal for the planned February meeting was “under discussion”, specified the minister.
«Russia may check how OPEC would react to the idea of reducing the [oil production quotas],” – suggested Jason Bordoff, director of the Center for Global Energy Policy at Columbia University. According to the agency, the cartel’s next meeting is scheduled for June.
In turn, Novak expressed his willingness to personally take part in the meeting of member countries of OPEC and other producers, which, according to Moscow scheduled for February. “There is an invitation to meet at the ministerial level. But in fact there is no final agreement. If all the ministers confirmed, will be at the ministerial level, and if not – then at the expert level “, – quotes the Minister Tass.
The head of the Energy Ministry said that one of the initiators of the meeting was to Venezuela. “They sent an official request to the presiding OPEC Qatar about to convene such a meeting,” – said Novak. Answering a question on how to technically reduce oil production, the minister proposed to discuss this topic later.
«Let us first discuss the issue, in principle, the feasibility of coordinating and ready all the countries that belong to OPEC and that will meet, to take this step. And then we’ll talk about specifics, “- concluded the head of the Ministry of Energy.
The Kremlin on Thursday afternoon denied the intention to start talks with the OPEC oil prices. A spokesman for the Russian president, Dmitry Peskov, a negative answer to the question of whether there was currently preparing a specific meeting. “The theme of the instability and volatility in oil markets actively discussed. What will be the outcome of intensive discussions as to speak prematurely “, – he said.
sounded in Russian statements on the preparation of a meeting of OPEC caused a rise in oil prices. During today’s trading on the London Stock Exchange ICE March futures price for Brent crude oil at the maximum jumped more than 5%, rising above $ 35 per barrel. But then oil prices Brent beginning to fall in price. By 20:12 MSK price of a barrel of North Sea brand fell below $ 34, were trading at a mark of 33.94. It exceeds the level of closing 2,4%.
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