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Russian energy confirms the absence of conditions stabilize oil production



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Russian energy confirms the absence of conditions stabilize oil production

Post by rocky on Mon 08 Aug 2016, 5:39 am

[size=30]Russian energy confirms the absence of conditions stabilize oil production[/size]
08/08/2016 11:01 | Number of Views: 519
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Direction Press / follow-up
He said Russian Energy Minister Alexander Novak Monday, August 8 / August that he sees no reason to hold new talks to freeze oil production, but stressed that Russia was open to negotiations in this regard.
Some of the media may Vodt last Friday that the Organization of Petroleum Exporting Countries "OPEC" It is possible to discuss the issue of installed crude oil production at its meeting in September / September, to be held in Algeria on the sidelines of the International Energy Forum.
He said Novak told reporters: "If other countries have raised the issue of installation, we are ready to discuss this matter ... But Russia believes that the installation requirements are not met, the fact that crude prices somewhat at good levels," noting may take place if prices fell.
The Russian minister did not rule out, which tops the list of his country's largest crude oil producers in the world, held a meeting with the Saudi oil minister, Khalid al-Falih, in Algeria next fall.
An earlier deal to install oil production among the producing countries to "OPEC" and elsewhere have collapsed in April / April last, after Saudi Arabia demanded that Iran is involved in it, despite appeals to save the Riyadh agreement to help lift crude prices.
While Iran then announced its refusal to install production in an effort to regain market share after the lifting of international sanctions that were imposed in the beginning of this year.
In the oil markets, the price of gold during trading on Monday rose against the backdrop of media reports that pointed to a renewed call by some "OPEC" members to limit production to support prices.
By 10:26 pm Moscow time, it stepped futures contracts for US crude West Texas Intermediate by 45 cents or 1.08% to $ 42.25 a barrel, as contracts combination "Brent" the world rose by 45 cents or 1.02% to $ 44.72 a barrel.

    Current date/time is Tue 25 Oct 2016, 5:20 am