Monday, February 22, 2016

OPEC is in talks with oil producing countries except the US – RIA Novosti

 The building of the OPEC headquarters in  Vienna, Austria. Archival photo

© AFP 2016 / Joe Klamar

HOUSTON, Feb. 22 – RIA Novosti Organization of exporting OPEC talks. all producing countries except the United states of oil to freeze production at the level of January, this at the CERA Week, said Secretary General of the cartel Abdalla Salem El-Badri.

“We are negotiating with everyone except America, “- he replied to a question in the framework of a panel discussion of experts, who is involved in a production freeze negotiations

oil. Archive photo

© AP Photo / Hasan Jamali

According to the forecast Energy Intelligent Group, the United States will more than other countries in 2016 to increase oil production. The share in the total growth among countries outside of OPEC, 60% or 500 thousand tons daily. Thus, an agreement with the United states could stabilize the market, where there is an acute surplus of oil.

The US Congress in December He lifted the embargo on oil exports, in force since 1975. Previously, commenting RIA Novosti lifting the embargo senator from North Dakota Heidi Haytkamp said that she a supporter of the free market and the United States will compete with Saudi Arabia, Russia and other producers.

on Tuesday, after the meeting in Doha between the Minister of energy of the Russian Federation Alexander Novak and representatives of Saudi Arabia, Venezuela and Qatar, it was agreed to maintain oil production readiness on average in 2016 at the level of January this year, when other manufacturers join this initiative. Support for the idea expressed by Iran. But on Thursday, Saudi Arabia again rejected these agreements. Foreign Minister of the Kingdom Adil al-Dzhubeyr said that his country was “not ready” to reduce oil production. But if others are doing it, the market may be stabilizing.

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