Kuwait is optimistic about the results of the informal meeting of OPEC in the International energy forum (IEF) in Algeria. This was stated by the representative of Kuwait to the cartel Mohammad al-Shatti.
“We are optimistic that all Ministers are committed to the success of meetings and negotiations”, — quotes RIA of “news” Al-Shatti.
the international energy forum (IEF) opened in Algiers on Monday and will last until September 28. In the event a scheduled informal meeting of OPEC countries. Earlier today the Minister of oil of Nigeria Emmanuel Cacique said that this meeting is scheduled for September 28.
As expected, it will resume the talks on the freezing of the level of oil production among OPEC countries and other oil-producing States. In the spring in Doha, these negotiations have not crowned success, including due to disagreement within OPEC.
in the meantime the rise in oil prices in the second half of Monday has accelerated ahead of the meeting in Algeria, said “Finmarket”.
Thus, the November futures for Brent crude on the London ICE Futures exchange to 17:31 MSK has risen by 3.31% to $ 47,41 per barrel. Quotes of WTI oil futures for November in trading on the new York Mercantile exchange (NYMEX) by specified time has risen by $ 1.44 (3,24%) to $ 45,92 per barrel.
last week, Iran and Saudi Arabia held consultations in Vienna, during which the parties failed to reach consensus. However, the Kingdom has proposed to reduce production to the January level, if Iran will not increase oil production.
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