Tag Archives: opec

Russian talk about agreement with OPEC

Russian talk about agreement with OPEC

Russian talk about agreement with OPEC

Russian talk about agreement with OPEC

Russian talk about agreement with OPEC confirmed Russia on the possibility of reaching an agreement with the Organization of Petroleum Exporting Countries (OPEC) on the production ceiling, at a time when talk of a proposal by OPEC to install Iran is producing at less than four million barrels per day levels being

And Russian Energy Minister Alexander Novak said he has increased confidence in the possibility of an agreement between Moscow and OPEC reached regarding production to support international oil prices .

Novak mention today – after meeting with his counterparts in OPEC countries – that a meeting fruitful with the Saudi Energy Minister Khalid al-Falih in the capital, Doha which is hosting a summit of gas exporting countries.

The Russian minister and he told reporters that the installation of the production of the options under discussion, but declined to go into details or disclose the level at which production may be installed him.

And predicted that oil demand will continue to grow, indicating that the installation of production that can contribute to restoring market balance.

Novak said he confident that OPEC can reach an agreement on the thirtieth of November, the current in Vienna, when the group meets to put the final touches on an agreement in principle regarding the production, pointing out that Russia is important is that the organization is committed to their agreements.

Meanwhile, an informed source said that OPEC members proposed to rein in Iran’s oil production at 3.92 million barrels per day, in the framework of an agreement to limit the production of the entire organization.

The source said in a statement to Reuters that Iran has not yet responded to this proposal, at a time when it sent mixed signals, saying it would accept a freeze production at between 4 and 4.2 million barrels a day.

This means a figure that OPEC members may be approaching a consensus on production Iran.

It was Qatar’s Energy Minister Mohammed Saleh Al Sada said in Doha meeting that required of Iran and Iraq is to stabilize oil production at the currently levels .

In the┬átime when Saudi Arabia’s Energy Minister Khalid al-Falih said that access to the activation of the ceiling of 32.5 million barrels per day of oil will accelerate the recovery will be for the benefit of producers and consumers