US imposes new sanctions on Syria over suspected chemical attackWorld April 24, 21:23
Russian businessman plans to build sailplane to fly around the globe nonstop in 5 daysScience & Space April 24, 19:50
Roscosmos excludes three cosmonauts from space teamScience & Space April 24, 19:34
Russian Foreign Ministry: Terrorists in Syria may get chemical weapons from Libya, IraqRussian Politics & Diplomacy April 24, 19:05
US not ready yet to restart arms control dialog, Russian diplomat saysRussian Politics & Diplomacy April 24, 18:57
Court recognizes Russia’s Sports Ministry as affected party in WADA whistleblower caseSport April 24, 18:48
Elephant, giraffe and wildcats found among Muscovites’ house petsSociety & Culture April 24, 17:48
Putin calls for setting apart real anti-corruption crusaders from political show-offsRussian Politics & Diplomacy April 24, 16:34
Moscow court turns down Jehovah’s Witnesses bid to fight Justice Ministry’s banWorld April 24, 16:08
SINGAPORE, September 7. /TASS/. The countries of the Organization of the Petroleum Exporting Countries (OPEC) are currently exceeding their own quotas by 1.5-2.5 mln barrels per day, Rosneft CEO Igor Sechin said Monday at the FT Commodities conference.
"A lot is still potentially connected to the OPEC losing its regulatory functions. I would like to note, that the OPEC countries currently exceed their own quotas (30 mln barrels per day) by the amount, according to various estimates, from 1.5 mln to 2.5 mln barrels per day. If the quota was met, according to our estimates and the OPEC Secretariat analysts, the global oil market would be balanced, which would undoubtedly have a positive impact on the oil price," he said.
Earlier Sechin said that there was no point for Russia to joint OPEC.
Consultations between OPEC and non-member countries of the organization are actively continuing in recent months against the backdrop of the sharp decline in oil prices.
Venezuela is taking steps to convene a special meeting of the OPEC members with participation of Russia in order to develop appropriate measures in connection with another drop in oil prices, Venezuelan President Nicolas Maduro announced on August 12.