The country-oil producers would agree to freeze production, which will cause speculative, and a quick growth of quotations. To comply with the agreement States will not, and prices will return to current levels. About it “Lente.Roo” said the partner of company RusEnergy Mikhail Krutikhin.
“I expect the negotiations to be successful, the country will enter into an agreement, what will be solemnly announced. Only to fulfill it, nobody will,” — said the expert. He noted that key oil producers are not interested in limiting production. Moreover, to control execution, even if such an item would be included in the agreement, it is highly problematic
“Many countries have declared their intention to participate in negotiations and to freeze the prey, but in fact they are increasing capacity,” — said the expert.
The Krutikhin expects that immediately after the talks, oil prices will soar for a short time under the influence of speculators. But then will start to work fundamental factors — in particular, the ratio of supply and demand and prices will return to current levels.
Wednesday, 13 April, Brent crude oil traded above $ 44 per barrel. During the day it was down two percent on the background of statements of the Minister of oil of Saudi Arabia Ali al-Nuaimi that the Kingdom is not going to reduce production. “Forget about this topic,” he advised.
April 12, “Interfax” with reference to diplomatic sources in Qatar said that Russia and Saudi Arabia agreed on the issue of freezing the oil. “Today was contact the representatives of Saudi Arabia and Russia, during which the country reached consensus on the issue of freezing of oil production,” he said. According to the interlocutor of the Agency, with Saudi side had indicated that a final decision Riyadh will without reference to the position of Tehran.
This position is contrary to the previously mentioned Prince of Saudi Arabia Salman Ibn Muhammad. April 1, he said that the Kingdom is ready to freeze the oil only if similar measures will be Iran. This statement led to the collapse in oil prices.
April 17 in the Qatari capital of Doha to meet the largest oil producers. They will discuss the issue of freezing the production. The meeting reaffirmed Russia, Saudi Arabia, Qatar, Venezuela, Ecuador, Algeria, Nigeria, Oman, Kuwait, UAE.
