Alexander Novak

To convince the head of the Ministry of Energy of the Russian Federation Alexander Novak, if the agreement between the limitation of oil-exporting countries will not be achieved, its price is likely to remain low and in 2017

Officials say the least cost of oil would suit those that buys and sells, would have been $50 for 1 br. However, Alexander Novak admits that exceed the level of $50-60 oil quotes will not be able to objectively, although such figures would be perfectly arranged. Balance oil market can be found on its own, the minister said, however, the agreement between the exporters will be the first step towards this.

Alexander Novak in this regard, said that at the upcoming meeting in March, OPEC expanded, perhaps, will signed a document obliging countries that export raw materials to maintain the volume of oil production in the January figures.