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Oil prices rise because of Russia
06-10-2015 10:15 AM
Oil prices rose yesterday after Russia expressed readiness to meet with oil producers within the Organization "OPEC" and abroad to discuss the situation in the markets of energy. He said Russian Energy Minister Alexander Novak: "There are proposals from some oil producers from within the organization," OPEC "and abroad to discuss the situation in the markets Oil at the expert level, and we are ready to participate if such consultations took place. In May consultations similar took place in Vienna. "He added Novak Speaking with reporters that he planned a meeting with representatives of Saudi Arabia's biggest oil producer in the Organization" OPEC "held at the end of October now the month. And see an increase of the oil markets in crude supply is what gives importance for any consultations between the oil producers of the world will contribute to the re-balance to oil markets. Prices have fallen about 60% since June 2014, after the high global production began to collide with a slowdown in global economic growth. Because of the drop in oil prices, it is likely to see investments in the global oil industry declined by about 20% during the current year.
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