Print Saudi Arabia will freeze production at the January level, only if Iran and other major manufacturers will do the same, said Mohammed bin Salman. The influential Deputy Crown Prince called the most likely successor to the king.
The words of the royal family have questioned the effectiveness of the meeting in Doha on 17 April. Instead of signing the historic document addresses in Qatar can wait scandal with another clash of interests of Riyadh and Tehran.
Politeksperty advise very sensitively listen to the words of Vice-Crown Prince. He has already replaced some very important figures, including the oil minister and head of the state-owned Saudi Aramco. Father Salman bin more than 80 years, sooner or later, the transfer of power in Saudi Arabia should take place. By this time most of the key positions may be supporters of Vice-Crown Prince.
the level of oil production in January 2016.
Mohammed bin Salman said that if someone major manufacturers want to increase production volumes, then Saudi Arabia will not miss her. Only lazy people do not find in these words a very clear sign of Iran
Traders in New York, to put it mildly, did not like the words of the Saudi heir:. Oil futures tumbled more than 4 percent. Texas WTI grade suddenly lost almost everything that was possible to win from the beginning of the year.
Back in November 2014, OPEC under pressure from Saudi Arabia refused to support prices and focused on maintaining market share. As part of the strategy of squeezing competitors Saudis increased production. The indicator has exceeded 10.5 million barrels a day, which was a new historical maximum.
on Friday, on the theme of the upcoming talks in Doha expressed Energy Minister Alexander Novak. April 17 in the capital of Qatar, will be discussed the possibility at the level of January this year, frozen oil.
The world’s largest oil exporters is now may well go back to the first stage of the game, when Russia, Saudi Arabia and Venezuela have not reached even oral agreement. Iranian Oil Minister Bijan Zanganeh go in the middle of the month at Doha, but anonymous sources in the Ministry already announced that Mr Zanganeh will not participate directly in the negotiations on freezing. As before, Iran adheres to the plan to increase exports by 1 million barrels a day.
Previously, experts have suggested that Saudi Arabia may first record production at 10.2 million barrels, and then try to negotiate with Iran. Mohammed bin Salman plain text stated that Iran must “without any doubt” to participate in the transaction from the outset. Abhishek Deshpande, senior expert on oil Natixis believes that against a background of such statements rectilinear vice Crown Prince upcoming meeting in Doha has become more and more meaningless.
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