The price of a barrel of Brent oil in the course of trading on the London stock exchange ICE has exceeded $ 41. According to 16:20 Moscow time, the price was around 41.28 to the dollar. This is evidenced by the material trading platform.
Quotes rose by 4.5 per cent compared with the closing session on 7 April. Auction April 8, kicked off with mark in 39,68 USD per barrel.
It is expected that on 17 April in the Qatari capital Doha will host a meeting of representatives of the countries-manufacturers of oil. They will discuss further steps towards stabilization of prices of hydrocarbons, in particular, freezing of the production level. Saudi Arabia, Qatar, Russia and Venezuela have agreed to limit production to the level of January of the current year. Also expressed their willingness to join the agreement Ecuador, Algeria, Nigeria, Oman, Kuwait, UAE.
Earlier, on April 1, the Saudi Prince Muhammad bin Salman said that the Kingdom is preparing for “the twilight of the oil age.” He also said that the country plans to create a sovereign Fund with a volume of two trillion dollars. The money will be used to get rid of oil dependence. In addition, Muhammad bin Salman said that Saudi Arabia is ready to freeze the oil only if similar measures will be Iran. This statement led to the collapse in oil prices.
