Thursday, August 11, 2016

Oil has risen by 5% after the announcement of the Saudi Minister – RBC

Photo: Reuters / Pixstream

oil Price Brent on Thursday evening grew by 4.6%, the first time since July 22 exceeded the mark of $ 46. This happened after the journalists got sent out by mistake a draft interview the Saudi Minister of energy

Brent brand oil prices on the stock exchange ICE evening on Thursday rose by 4.6% and exceeded the level of $ 46 for the first time since July 22, it follows from these trades. According to 19:14 MSK futures for Brent for October delivery traded at around $ 46,09.

Oil WTI as of 19:11 rise in price by 4 , 46% to trade at around $ 43,57.

oil prices rose $ 2 after reporters mistakenly sent a draft of the interview the Saudi energy Minister Khalid al-Falih, the Financial Times. In an interview, prepared to publish the official news agency of Saudi Arabia Saudi Press Agency, Al-Falih said the kingdom is ready to take part in coordinated action to help the oil market to reach equilibrium.

OPEC members plan to hold an informal meeting on fields of the International energy forum to be held in Algiers on 26-28 September. New drop in oil prices to around $ 40 has forced a number of exporters offer to hold a new meeting of the largest oil-producing countries to agree on measures that could support the market.

«If you need to take any action to help balance the market, then we are ready to do so, of course, along with OPEC and the major exporters, non-OPEC “- said al-Falih. According to him, at the upcoming meeting of exporters of their ministers will be able to discuss the situation on the market, including possible actions to stabilize it.

Earlier, OPEC reported that Saudi Arabia in July reached the record level of oil production, which amounted to 10.67 million bbl. / day. Al-Falih said that an increase in production is associated not only with an increase in domestic demand in the hot summer months, but also to the need to meet the demand from other customers.

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