The organization of countries-exporters of oil (OPEC) has invited the U.S. to join negotiations on freezing the level of oil production. This was announced by the Secretary General of the organization Abdalla Salem El-Badri, betrays RIA Novosti.
“I’m talking to the EU, with the Russians and the Chinese. I say almost all, except the USA, all I want is dialogue,” he said.
Previously Director of the International energy Agency (IEA) Fatih Birol said that the US will retain its leading position by increasing production of oil. “The growth in US production will slow to 4.1 million dollars a day. But the U.S. will continue to lead in terms of increasing production,” he said.
Birol also resulted in the forecast regarding Russia. According to him, in the next six expected in the Russian Federation is the largest decline in oil production among countries outside of OPEC. “This is due to the depreciation of the ruble and impact of sanctions”, — said the Director of the IEA.
On 20 February it was reported that the number of oil rigs in the U.S. fell to a six-year low. According to Baker Hughes, the number decreased to 413 pieces. It was noted that the reduction takes place against the backdrop of data on the growth of the U.S. oil reserves.
February 16, Russia and several OPEC members (Saudi Arabia, Qatar, and Venezuela) agreed to freeze oil production to support oil quotations, which for the half year declined by 70 percent. During the day the intention to join the agreement also said Iraq and Kuwait. February 17 this decision approved the Iran, 20 February — Nigeria.
As reported the Deputy head of the Ministry of energy of Russia Anatoly Yanovsky, the initiator was freezing Venezuela. In this case, according to Deputy Prime Minister Arkady Dvorkovich, as a result of the decision of oil production in Russia will increase, as the level of January 2016 higher than similar parameters for 2015.