Novak called the idea of ​​freezing oil already irrelevant – Interfax

Since, according to him, oil prices rebounded quite high compared to

the beginning of the year

Alexander Novak

Photo: TASS, Stoyan Vasev

Moscow. May 29. INTERFAX.RU – Head of Russian Ministry of Energy Alexander Novak said that the idea of ​​freezing oil has lost its relevance

“Today, as we see that oil prices have rebounded and bounced quite high in comparison with the beginning of the year. , this theme with freezing is no longer relevant see how the situation will develop further “, -. he said, speaking at Vestifinance

the idea of ​​freezing oil major oil-producing countries there was at the beginning of the year, when prices. oil fell to the level of below $ 30 per barrel. In late January, Russia, Saudi Arabia, Qatar and Venezuela have agreed to freeze production of oil at the level of January, provided that this initiative will join other OPEC countries.

Legally formalize these agreements the country gathered in April at the OPEC meeting in Doha. However, it was not possible to agree on a frozen due to disagreements Iran and Saudi Arabia.

Later Novak pointed out that if an agreement on freezing will not be achieved in the next two or three months, then the idea will not date.