A joint venture (JV), "Rosneft" and Venezuela's PDVSA will reduce the oil production as part of the transaction of OPEC, told journalists the Minister of oil industry of Venezuela, Nelson Martinez.
"Today, I just want to say, do not think the question of Russia joining OPEC," said Novak tydens'n speech by'n energy conference CERAWeek.
Russia is not currently considering joining the Organization of the countries-exporters of oil (OPEC), said the Russian Minister of energy Alexander Novak in his speech at the CERAWeek energy conference.
It is too early to talk about the extension of the agreement to reduce oil production between OPEC and non-member countries in the cartel, op'n conference in Houston Secretary-General Mohammed Barkindo. For this, he said, we need to look at the results of the implementation of the agreement.
Last year, op'n meeting of the representatives of the countries-oil exporters, which include OPEC and the results in the month of January, it was decided to reduce oil production by one million barrels per day. Taking into account the reduction in the raw material, the average daily production rate of ...
In accordance with the updated forecast, the demand for oil in 2017, it will increase in comparison with the year 2016 by 1.16 million barrels per day. The estimate of the number of the global demand in 2017 will increase by 40 thousand barrels per day to 95.6 million barrels ...
The Minister of energy of Russia Alexander Novak has said that he sees no risks of the failure of the OPEC agreements, reports TASS. "I don't see the risks", - he answered the corresponding question of journalists.
Russian minister of energy Alexander Novak said that the Ministry of energy following the meeting on 10 December waiting for the signing of the agreement by the OPEC and independent producers in order to limit the production of oil, reported Reuters.
Brent crude was down 5% on the London Stock Exchange ICE after the publication of the monthly report from the Organization of Petroleum Exporting Countries (OPEC). According to Reuters, it was the most significant decline in oil prices in a single day in the last six weeks.
The Organization of Petroleum Exporting Countries (OPEC) expects prices for its oil basket average $ 5 per year - up to $ 80 per barrel in 2020, when oil supplies from countries outside the cartel generally slower than in the past, reports on increase Bloomberg.