So says Russian 1st dep energy min Texler
- it's necessary to agree on output freeze
- sees 900k bpd leaving market if freeze agreed
- no output cuts have been discussed
- oil companies in Russia not opposed to freezing output at Jan level
- no one wants oil prices to significantly rise as costly projects would return
Yep but least Chelsea would have more money to spend on new players/manager in the Summer.
- Iran should be interested in freeze deal too as it will get higher prices for its oil
Inspired comment. Where do these guys find such wisdom?
- even if Iran does not join output freeze deal there will still be an effect
- Russia plans to increase oil production in 2016 by 1.55 yy
- a price of $35-40 will allow Russian oil sector to move forward
Uncertainties adding to oil price retreat this morning.
Currently Brent at $33.67 and WTI $30.13
