The U.S. government refers to the idea of freezing the level of oil production skeptical. Authorities believe that the market will adjust on their own, said to RIA Novosti, the special adviser on international relations in the field of energy the U.S. Department of state Amos Hochstein.
Thus, according to him, the US government is in constant interaction with both producers and consumers of oil.
“We are talking with all our friends around the world, the countries-oil producers and countries-consumers of oil. But in the end, we do not believe that the government should step in and artificially adjust, how much should be produced and how much should be exported,” he said on the sidelines of the IHS CERAWeek.
On 20 February it was reported that the number of oil rigs in the U.S. fell to a six-year low. According to Baker Hughes, the number decreased to 413 pieces. It was noted that the reduction takes place against the backdrop of data on the growth of the U.S. oil reserves.
February 16, Russia and several OPEC members (Saudi Arabia, Qatar, and Venezuela) agreed to freeze oil production in order to support the quotation, subsided for a year and a half by 70 percent. The intention to join the agreement also said Iraq and Kuwait, and on February 20 was added to Nigeria.
The initiator was freezing Venezuela.
February 23, OPEC has invited the U.S. to join negotiations on freezing the level of oil production.
