Statements Novak pushed oil above $35 per barrel

Statements Novak pushed oil above $35 per barrel


Moscow. January 28. The rise of prices for oil imports accelerated in the course of trading on Thursday on news from Russia, reports Bloomberg.

Quotations of March futures on the mark Brent on London’s ICE Futures exchange to 17:12 MSK increased by $1.93 and (5.83 per cent) to $35,03 per barrel.

The contract prices for mark WTI for March in electronic trading on the new York Mercantile exchange (NYMEX) had risen by $1.62 to (5,02%) to $33,92 per barrel.

Saudi Arabia in previous meetings, OPEC was offered to producer countries to reduce oil production by 5%, announced Minister of energy Alexander Novak. What is the proposal for a planned OPEC meeting in February, he said. “This subject,” said the Minister.

On Wednesday the President’s press Secretary Dmitry Peskov, commenting on the message about possible coordination with OPEC in the oil market and reduction of volumes of production, said that “this topic is now actively appear.” “In practical terms is specifically to talk about, but the theme of instability and volatility in oil markets is being actively discussed”, – he said.

“The market is not to look at global excess and more think about the future relationship of supply and demand, the difference between them in the second half of the year will decrease, – says oil analyst Petromatrix Olivier Jacob. If OPEC and Russia are really starting negotiation, this means that the equilibrium in the market may recover a little sooner than expected”.

But “so far these are just discussions, new information noise appears on every day this week,” he added.