The meeting in Tehran at which the representatives of Qatar and Venezuela tried to convince Iran and Iraq to accede to the agreement on the freezing of oil production ended, according to The Wall Street Journal citing informed sources. According to them, official statements following the talks was not followed, but later it is expected the speech of the Minister of oil of Iran Bijan Zanganeh in explanation of position of the country.
The Minister of energy of Qatar and OPEC President Mohammed al-Garden following the meeting expressed hope that Iran will accede to the agreement on the limitation of production, according to sources the WSJ.
Financial blog Zero Hedge in his Twitter reports that Zanganeh stated that it supported the initiative to freeze the oil, but Iran will not limit its prey.
“RIA Novosti” with reference to a source close to the negotiations in Tehran, reports that Iran has agreed to freeze production.
The Agency Bloomberg with reference to the Iranian oil news Agency “Shana” gave Zanganeh after the meeting expressed support for the freeze, but did not specify whether Iran will take measures to limit production.
Russia, Saudi Arabia, Qatar and Venezuela said Tuesday about the readiness to freeze oil production at the January level, if the decision is upheld by other exporters. The representative of Iran in OPEC Mehdi Asali said Wednesday before the talks that his country is not going to limit production until you return to the level she was before sanctions were imposed in 2012.
The price of Brent crude oil grew from 18:00 GMT with a $32,94/bbl. up to $34,09/bbl. Today, the April futures have traded in a range between $31,83/bbl. up to $34,28 per barrel. pending the outcome of negotiations in Tehran. The price increase compared with the closure amounted to 5.95%.