The World Bank does not expect a big increase the price of oil after the Doha agreement[/ltr]
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Birgit Hansel large Russian World Bank economist said on Wednesday that the bank does not necessarily expect a big increase in oil prices in the case of reaching an agreement on the installation of production among the top producers during the Doha meeting later this month.
Familiar with the Russian plans, sources said on Wednesday that Russia sees that ranged from the price of oil between 45 and 50 dollars a barrel is acceptable to achieve a balance in the world oil market at a time when Moscow is preparing for a meeting with top producers in Doha later this month.
The sources said that it expected the deal to install oil production to accelerate the restoration of balance between supply and demand for crude leads to equilibrium is achieved about half a year earlier than expected.
She added that Russia does not intend to curb production in the new installation projects in the framework agreement may be used other ways to reduce production during the lifetime of the agreement.
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