OPEC has not yet made any decisions about the meeting in February


Moscow. January 29. Four representatives of the Organization of countries-exporters of oil, told Bloomberg that until you plan to host in February an extraordinary meeting of the cartel.

That while the decision to convene the session of the OPEC was not taken, reports with reference to another unnamed representative of one of the member countries and The Wall Street Journal.

In favor of holding an extraordinary meeting to discuss the situation on the market have already expressed, Venezuela and Nigeria most affected by lower prices.

Minister of energy Alexander Novak on Thursday also announced the possibility of holding in February of the extraordinary conference of OPEC, which may be invited independent producers and which will be ready to participate Russia

Saudi Arabia in previous meetings, OPEC was offered to producer countries to reduce oil production by 5%, he told the journalists. “This subject,” said the Minister. According to Novak, the Ministry of energy don’t have the calculations, how much may be cut oil production in Russia.

Saudi Arabia has not offered producer countries to reduce oil production by 5%, gave the Agency Bloomberg with reference to the OPEC delegate familiar with the politics of the country. At the same time, according to him, Saudi Arabia is open to interaction and cooperation with all to stabilize the situation on the world oil market.

Earlier, Riyadh has hinted that it will be ready to go on reduction of quotas in OPEC, only if the decline will go and other producing countries.

Oil prices continue to go up on Friday on optimism related to a possible coordination of actions of oil-producing countries to stabilize the market.

Quotations of March futures on the mark Brent on London’s ICE Futures exchange to 8:10 Moscow time rose by 1.2% to $34,31 per barrel.

The contract prices for mark WTI for March in electronic trading on the new York Mercantile exchange (NYMEX) by this time increased 1.2% to $33,63 per barrel.

“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”.