Oil prices in recent days fell more than 6 percent on the background of new statements made by the representatives of Saudi Arabia. With the beginning of the session on February 24 at the ICE stock exchange in London North sea Brent crude dropped 1.4 per cent to 32.7 per dollar, whereas the previous day she fell almost 5 per cent.
The Minister of oil of Saudi Arabia Ali al-Naimi on 23 February said that the agreement to freeze production does not mean a future decline in production. In addition, Iran has made several controversial statements, which are not agreed to freeze production.
February 16, Russia and several OPEC members (Saudi Arabia, Qatar, and Venezuela) agreed to freeze oil production in order to support the quotations for the half year declined by 70 percent. The intention to join the agreement also said Iraq and Kuwait, and on February 20 was added to Nigeria.
As reported the Deputy head of the Ministry of energy of Russia Anatoly Yanovsky, the initiator was freezing Venezuela. In this case, according to Deputy Prime Minister Arkady Dvorkovich, as a result of the decision of oil production in Russia will increase, as the level of January 2016 higher than similar parameters for 2015.