• Program OPEC to freeze oil production predicted the collapse

  • Program freeze oil production, which tries to promote the Organization of countries-exporters of oil (OPEC) will fail. About it in conversation with "ru" said a member of the expert Council of the Union of Industrialists of Russia, Eldar Kasaev.

    "Too ringing discordance on the market, all exporters are pulling "oil wagon" in different directions. In the current high competition one restrictive noose around the neck to hang will not" — said the expert.

    According to him, there are several reasons why the program will not be realized. First, it is competition between Russia and Saudi Arabia for European oil market. Second, inter-confessional and inter-ethnic confrontation between Iran, Iraq and Saudi Arabia, the Persians and the Arabs.

    "Specifically, Iraq has recently appointed an auction for 12 small and medium-sized fields, which soon should appear in the hosts — what restrictions can there be? Iran, once walking second producer in OPEC, wants to regain it's place and, accordingly, to take him from Iraq", — the expert adds.

    According to the interlocutor "of the Tape.ru", the real agreement will be signed, the members of the organization will be limited to verbal intervention and possibly some "phony piece of paper".

    However, he noted that a serious threat to oil prices no. "I think that prices will fluctuate at the level of 45-50 dollars per barrel, sometimes rising higher," predicts Eldar Kasaev.

    Earlier, on 2 November it was reported that Libya and Nigeria are members of OPEC in October increased production 800 thousand barrels per day.

    28 October OPEC representatives at the meeting failed to reach a final solution oil quotas.

    In late September, OPEC agreed to freeze oil prices. Cartel members set the production ceiling at the level of 32.5 million barrels a day. The final agreement should be signed at the meeting in November.


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