• Saudi Arabia's energy minister optimistic about the prospects of a deal to reduce oil production at the OPEC meeting in November

Market news

10 October 2016

Saudi Arabia's energy minister optimistic about the prospects of a deal to reduce oil production at the OPEC meeting in November

  • the balance of forces in the oil market has changed dramatically since 2014

  • countries outside OPEC should be involved in the market balancing

  • I do not rule out a rise in prices for oil in the area of ​​$ 60 / barrel by the end of this year

  • responsible manufacturers should try to balance supply and demand on the market

  • OPEC should be cautious, do not overly restrict the supply and shock market

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