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Kremlin sees no reason for emergency meetings and negotiations due to lower oil prices

Dmitry Peskov noted that the "effect from the agreements" within OPEC+, aimed at adjusting energy prices is often postposed

© AP Photo/Gregory Bull

MOSCOW, December 25. /TASS/. The Kremlin sees no reason for emergency meetings and international negotiations due to lower oil prices, Russian Presidential spokesman Dmitry Peskov told reporters on Tuesday.

"There is no reason for any emergency meetings," Peskov said answering a question abou a possible meeting in the Kremlin due to declining oil prices.

According to Peskov, the Russian government "keeps this topic under control". He noted that the "effect from the agreements" within OPEC+, aimed at adjusting energy prices is often postposed. "That is, the effect is not momentary, so here it is necessary to assess the effectiveness of these agreements in a certain perspective ... At least, judging by one or two weeks is impossible," Peskov added.

Answering the question of whether the Kremlin expects some growth of oil prices in the future, Peskov said, "At least, agreements on reducing production levels that reached within OPEC+ have been focused on a certain correction in oil prices."

On December 7, OPEC+ countries decided to reduce production by 1.2 mln barrels per day in the first half of 2019.

On Tuesday, Russian Energy Minister Alexander Novak said that the oil market will stabilize by the summer of 2019 as a result of agreements reached in December in Vienna between OPEC and non-OPEC countries.

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Moscow hopes West will thoroughly analyze Russia's nuclear doctrine — ambassador

Andrey Kelin also recalled that the policy of the Russian leadership enjoys the full support and confidence of the country's population

US not seeking confrontation with Russia, but will continue assistance to Kiev — Pentagon

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Putin’s remarks on hypersonic missiles send serious warning to West — Turkish politician

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Russian forces successfully advancing in all areas in special military op zone — Putin

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US decision to allow missile strikes deep into Russia fuels global escalation — Slovak PM

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Japanese government refrains from commenting on Russia’s latest hypersonic missile

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Biden’s actions on Ukraine meant to 'muck things up' for Trump — Lavrov

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Zelensky fine with conflict continuing due to Western help — Slovak PM

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Russia's Oreshnik missile poses significant threat to West, Turkish expert warns

These missiles pose a threat not only to Ukraine but also to the entire Western world, including continental Europe and Great Britain, Abdullah Agar stressed

Ukraine should consider territorial concessions to Russia in return for peace — magazine

Foreign Policy pointed out that Western officials should stop insisting in public speeches on the need to achieve a strategic defeat for Russia

Russia uses aerial bombs to destroy Ukrainian positions near DPR’s Konstantinovka — source

According to the report, at least 15 Ukrainian servicemen were killed as a result of the attack