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OPEC agreement to fix oil prices at current level — banking executive

September 30, 2:32 UTC+3 SOCHI
"There'll be no major impact but this is good news," the Vice President of Russia's Vnesheconombank, Andrei Klepach, said
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© Egor Aleev/TASS

SOCHI, September 29. /TASS/. Agreement on restricting the output of crude oil to 32.5 million barrels per day (mbd) to 33.0 mbd will not affect oil prices over the long-term but will fix them at the current level, the Vice President of Russia's Vnesheconombank, Andrei Klepach, told TASS on Thursday.

"There'll be no major impact but this is good news," he said. "This will work towards upholding the price levels that exist today."

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