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[size=30]The OPEC meeting is moving towards extending the reduction of crude oil production[/size]
30/11/2017 10:58 | Number of readings: 1
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[rtl]Trend Press / Agencies[/rtl]
[rtl]"The meeting of the oil-exporting countries (OPEC) will go on to extend the agreement to reduce oil production beyond after next March.[/rtl]
[rtl]"But despite the general atmosphere, there is a debate in Russia between the Russian oil companies and the trade and economy ministries on the one hand and Russian Oil Minister Alexander Novak on the other, who supports the extension decision," the department said Thursday.[/rtl]
[rtl]The debate comes as Russian companies such as Gazprom do not want prices to rise above $ 60 a barrel, as they fear rising oil production and competition in the market, and fear the government will raise taxes on them if their profits rise.[/rtl]
[rtl]In addition, Russian oil companies need a longer time from OPEC countries, especially Saudi Arabia, to return to increased production when the extension decision ends.[/rtl]
[rtl]http://aletejahtv.org/permalink/193970.html
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