Questions on the topic of freezing of oil in the market becomes relevant again. All market participants in the energy trade are interested in stabilizing the oil market. This initiative was earlier supported by President of Russia Vladimir Putin with the aim of achieving the objective prices of petroleum products.
Most supporters of the OPEC countries agree that the measure for the freezing of oil required for a period of six months. If necessary, the initiative will be able to extend, depending on the situation on the market. It said OPEC Secretary General Mohammed Barkindo at the world energy Congress.
A similar measure considered by the participants of the market and outside the organization OPEC. The Russian side represented by the Minister of energy Alexander Novak said that the freezing of oil production it is necessary to enter for six months and, if necessary, to extend this period in order to stabilize prices on the oil market. At the moment countries such as Venezuela and Saudi Arabia also support the initiation of this process.
