Russia’s Novak: Do not see hasty OPEC+ decisions this month
|Citing Russian Energy Minister Alexander Novak, the country’s media agencies reported on Thursday, he doesn’t expect any hasty decisions on output cuts when the OPEC and its allies (OPEC+) meet next week.
Further comments
“I think no-one is putting forward any hasty moves, additional proposals.”
“We are on track, in line with the plan, in line with the approved agreement.”
“The market is more or less stable and we are seeing gradual balancing of the market.”
“There have been no additional proposals to change the deal between OPEC and other leading oil producers on production cuts.”
WTI unmotivated below $43
Amid downbeat IEA oil demand forecasts and Novak’s comments, WTI trades modestly flat around $42.75, consolidating near daily highs.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.