Reuters reported on Wednesday that according to Russian sources familiar with the matter, Russia believes that an oil price at $45-$50 per barrel would allow to balance the oil market. Russia's Energy Ministry confirmed this information.

Sources also said that 17 countries could participate in the meeting in Doha on April 17. OPEC and non-OPEC countries plan to discuss the freeze of the oil output. Iran said last month that it was not ready to freeze its oil production until output of 4.0 million barrels a day was reached.