Tuesday, February 16, 2016

Russia and the three countries to freeze OPEC production – Puls Biznesu

“freeze” on the level of January will be “adequate,” said the Saudi minister. Oil Ali Al-Naimi. He assured that Saudi Arabia will continue to meet the needs of its customers.

Ali Al-Naimi met on Tuesday with his Russian counterpart, Aleksander Nowak and representatives of Qatar and Venezuela.

Russia, and Saudi Arabia are the largest supplier of oil.

the first market reaction to reports from the capital of Qatar was negative. Brent oil price, which reached earlier to 35,47 USD fell to 33.83 USD. It was the same in the case of crude oil WTI, whose trading reached 31.18 USD to then fall to 29.80 US dollars.

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