April futures price for Brent crude oil rose above $ 34 – RIA Novosti

© AP Photo / Hasan Jamali

MOSCOW, January 27 – RIA Novosti. Oil prices continue to actively grow in an environment Brand Brent climbed above $ 34 a barrel, according to the auction.

As at 20.20 MSK April futures price for North Sea petroleum mix of Brent grew by 5.19% – up to 34.26 dollars per barrel. March futures price for WTI crude oil grew by 3.88% to 32.67 dollars per barrel.

Rising oil prices contribute to the statement of the head of “Transneft” Nikolay Tokarev. According to him, Saudi Arabia came out with the initiative to lead the meeting of oil-producing states on the situation in the oil market and to discuss the possibility of reducing its production. The meeting of OPEC, he said, could take place in February.

In addition, the market continues to win back the statement by the head of Saudi Aramco Nasser Amin (Amin Nasser). According to him, the price of oil by the end of 2016 will increase, as the high-cost manufacturers leave the oil market. Demand, he predicted, will also increase – to more than 1.2 million barrels per day in 2016.

Deputy Prime Minister Arkady Dvorkovich said on Tuesday that the current situation in Russia can maintain the current level of oil production, but the long-term trend of low prices may reduce it. This report also supports the cost of oil.