Date: 2 months ago   Category: Energy

The head of Gazprom Neft considers necessary reduction of oil production within OPEC — Rambler News Service


Balancing of the world market of oil demands some reduction of level of oil production by the OPEC countries, the head of Gazprom Neft Alexander Dyukov told journalists. "Some reduction is necessary to balance the market" — Dyukov after the meeting in RUIE told. At the same time he did not call the necessary volume of reduction of oil production. According to him, reduction of production needs to be made up to, at least, II quarters 2019. "At least till II quarter, till the moment when seasonal increase in demand for oil and oil products does not begin" — Dyukov explained. At the same time Dyukov did not exclude further reduction of price of oil in case the countries of OPEC do not make the decision on reduction of oil production in 2019. "It is possible" — he told, answering a question of a possibility of falling of price of oil. Since the beginning of October of the current year Brent oil lost in cost more than $25 for barrel. On December 5-7 in Vienna there will take place negotiations of the countries of OPEC and the states which are not entering into cartel participating in the agreement on reduction of level of production of oil. The minister of oil of Oman Mohammed bin Hamad al-Rumkhi reported that participants of the agreement on reduction of oil production between OPEC and the countries (OPEC) which are not entering into cartel discuss reduction of production in 2019 from three to six months.

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