please contact sales@tanchin.hk for any inquiry
Russian energy minister Alexander Novak said Tuesday that oil prices will stabilize more in the first half of next year. Oil prices have fallen by more than a third this quarter.
Other oil producers, such as the Organization of Petroleum Exporting Countries (OPEC) and Russia, agreed earlier this month to reduce production by a total of 1.2 million barrels a day starting in January to prevent oil prices from falling.
"I think in the first half of next year, with the joint efforts of all parties, the oil market will be more stable and balanced. OPEC and non-OPEC countries confirmed in December that they will take joint action," Nowak said in an interview with Rossiya-24 television.
Nowak also said there was no proposal to hold a special meeting with OPEC, and he attributed the drop in oil prices to macroeconomic factors.
"These are fundamental factors: lower demand in winter, and of course macroeconomic factors. We saw a decline in global economic activity and a decline in stock markets at the end of the year," he said.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

33014-N11CA 33030 33024 33022 33021 33020 33019 33018 33017 33016 33015 33014 33013 33012 33011 33010 33009 32972-N11CA-A400-450 32972-N11CA-A200-250 32972-N11CA