TV: Islamic State re-enters ancient city of PalmyraWorld December 10, 21:20
Saudi minister says Russia led consultations process with OPECBusiness & Economy December 10, 20:41
UK foreign secretary says protection of civilians should be 'top priority' in SyriaWorld December 10, 20:31
Non-OPEC states join historic oil cut dealBusiness & Economy December 10, 20:23
Russian diplomat urges Western reporters to be unbiased in war news coverageRussian Politics & Diplomacy December 10, 20:08
Russia, Oman enter committee for control over oil production — Iraqi oil ministerBusiness & Economy December 10, 20:07
Iran's oil minister says non-OPEC countries agree to cut oil production by 600,000 barrelsBusiness & Economy December 10, 19:42
Russia, Oman enter committee on controlling oil production created by OPEC - BloombergBusiness & Economy December 10, 17:40
Source claims OPEC and non-OPEC states finalizing results of meeting, agreement 'close'Business & Economy December 10, 17:07
MOSCOW, February 26. /TASS/. Russia, Saudi Arabia, Venezuela, and Qatar have made an arrangement for a meeting where they will scrutinize the prices of oil, Bloomberg said on Thursday quoting Venezuela’s Oil and Mining Minister Eulogio del Pino.
The four countries have not discussed the venue of the meeting so far, he told a Venezuelan TV channel. Along with it, the four countries also plan to have a review meeting in July where they will assess the impact of freezing of output levels on the price.
Del Pino added it was impossible to supply crude to the international markets in previous amounts, as oil prices would collapse if the current situation was allowed to drag on.
Major oil exporting nations are currently holding talks on a possible freezing of crude oil output. In one of the most recent steps in this series, the oil ministers of Saudi Arabia, Qatar, and Venezuela - all the three countries being OPEC members - and Russian Energy Minister Alexander Novak met in the Qatari capital Doha on February 16 to discuss possible improvements in the situation regarding prices.
The conferees said their countries were prepared to keep the averaged output for 2016 at the level of January if other producers joined their initiative.
On February 17, Tehran hosted a conference of Iranian, Venezuelan, Iraqi, and Qatari oil ministers, who probed into the possibility of an output freeze. Iranian minister Bijan Zanganeh said upon the end of the talks his country would support any initiative aiming to push oil prices up.
Along with it, the Iranian side stressed on a number of occasions in the course of the talks it was set to regain the share of the world oil market it had lost while staying under international sanctions.