Russian energy minister Alexander Novak recently crossed the wires, providing the key quotes (via Reuters) found below.
Oil market is becoming balanced.
Market is not balanced yet.
We understand that current prices are short term.
We need to monitor prices in long term.
Will discuss this in Oman in a week's time.
We will discuss smooth exit from global oil output cut deal.
Will look at oil prices in Jan-March and draw conclusions.
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 securities. 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 Forex 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.