Friday, November 29, 2019

OPEC's position became more fle

OPEC's position became more flexible

Russian Energy Ministry said that at the current informal meeting of OPEC countries have a tendency to reach agreements.

"We see that the OPEC countries' positions have become more flexible, they have more chances to reach an agreement between themselves", - said the Minister of Energy Alexander Novak in the air "first channel".

this spring from the differences between the OPEC countries - Saudi Arabia and Iran - oil-producing countries could not agree on production freeze.

"We commend the consultations, which took place today in the framework of the forum. In my opinion, we equally appreciate the current situation and the need, you need to find a balance between energy producers and consumers. Finally, we are moving in this direction"- the minister said at a briefing.

"We reiterate the statement that was made by us and Saudi Arabia in China earlier this month. We continue the dialogue between our countries, we will continue our consultations in the framework of a working group that monitors the situation on the market. We agreed to hold a meeting before the end of next month"- he added A.Novak.

As reported, in early September, Russia and Saudi Arabia issued a joint statement on the coordination of actions to stabilize the market.



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